US Stocks Open Higher, Shrug Off Weak Retail Sales Data Getty Images

US Stocks Open Higher, Shrug Off Weak Retail Sales Data

U.S. stocks opened higher Wednesday, shaking off two straight sessions after a weak April retail sales report spurred expectations the Federal Reserve would delay raising interest rates.

U.S. stocks opened higher Wednesday, shaking off two straight sessions after a weak April retail sales report spurred expectations the Federal Reserve would delay raising interest rates.

Five minutes into trade, the Dow Jones Industrial Average had gained 55.59 points (0.31%) at 18,123.82.

The broad-based S&P 500 advanced 10.36 (0.49%) to 2,109.48, while the tech-rich Nasdaq Composite Index added 33.45 (0.67%) at 5,009.64. 

On Tuesday, stocks pared back losses to end modestly lower as U.S. Treasury bonds retreated slightly from a surge amid bond market volatility.

U.S. retail sales were virtually unchanged in April, the Commerce Department reported; most analysts had expected a 0.2% increase. The disappointing report, a piece of the picture on consumer spending that accounts for two-thirds of U.S. economic activity, was seen as putting a potential chill on the Fed's plan to raise near-zero interest rates.

On Tuesday, stocks pared back losses to end modestly lower as U.S. Treasury bonds retreated slightly from a surge amid bond market volatility.

Copyright Agence France-Presse, 2015

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