(Reuters) – U.S. stocks opened higher on Wednesday on hopes of a pickup in business activity with states easing coronavirus-induced curbs, while investors looked past a stunning 20 million plunge in U.S. private payrolls last month.

The Dow Jones Industrial Average .DJI rose 95.79 points, or 0.40%, at the open to 23,978.88.

The S&P 500 .SPX opened higher by 14.70 points, or 0.51%, at 2,883.14. The Nasdaq Composite .IXIC gained 65.58 points, or 0.74%, to 8,874.70 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta

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