: U.S. stocks open higher after Dow’s first back-to-back losses in a month

U.S. stocks opened higher on Wednesday following the first back-to-back declines for the Dow in a month as investors shrugged off weak employment data, while Treasury yields continued to decline. The S&P 500 SPX gained 22 points, or 0.5%, to 4,589, the Nasdaq Composite rose by COMP 84 points, or 0.6%, to 14,312. The Dow Jones Industrial Average DJIA increased by 135 points, or 0.4%, to 36,253. Treasury yields continued to fall on Wednesday, with the 10-year yield down 4.4 basis points at 4.143 after touching its lowest level since Sept. 1, according to FactSet data. Investors digested a report on private payrolls from ADP on Wednesday which showed just 113,000 jobs last month, the latest sign that the U.S. labor market has been softening. The data arrived ahead of a closely watched report on the labor market from the Labor Department is due out Friday.

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