U.S. stock benchmarks opened higher Wednesday, as the market appeared to steady after four straight declines for the Dow. The Dow Jones Industrial Average opened 75 points, or 0.3%, higher at 22,356. If the Dow slips a fifth session in a row, it would mark its longest string since March, according to FactSet data. The S&P 500 index was up about 10 points, or 0.4%, at 2,505, while the Nasdaq Composite Index was 38 points, or 0.6%, higher at 6,419. In individual stocks, shares of Nike were off 4% after the athletic-apparel giant late Tuesday posted disappointing quarterly results. Shares of the Dow component were exacting a roughly 16 point toll on the price-weighted benchmark. Investors are waiting a major Republican announcement on tax reform, which could influence trading.
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