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(Reuters) – Wall Street’s main indexes opened higher on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week.

The Dow Jones Industrial Average rose 103.43 points, or 0.35%, at the open to 29,524.35.

The S&P 500 opened higher by 17.69 points, or 0.50%, at 3,563.22, while the Nasdaq Composite gained 102.79 points, or 0.89%, to 11,656.65 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)