U.S. stocks open higher as selloff ease

U.S. stocks opened higher on Wednesday after the S&P 500 snapped a three-session losing steak, as investors looked ahead to data that could shed light on the timing of a rate hike.

Investors will keep an eye on retail sales number coming out in the following session. Analysts said there is a batch of market-moving economic data before the Fed meeting next week.

The U.S. job market continued its steady growth momentum in May, further heating market debate over the timing for the central bank' s first interest rate hike in almost nine years.

The number of job openings rose to 5.4 million on the last business day of April, beating market consensus of 5.0 million and the highest level since the series began in December 2000, the U.S. Labor Department reported Tuesday.

U.S. total nonfarm payroll employment added 280,000 in May, well above market consensus, and the unemployment rate was essentially unchanged at 5.5 percent.

Global equity indexes provider MSCI Inc. will not include China A-shares in its flagship global benchmarks index for now, the company said in a statement on Wednesday. But they will work with China's securities regulator to overcome remaining obstacles.

Shortly after the opening bell, the Dow Jones Industrial Average soared 108.37 points, or 0.61 percent, to 17,872.41. The S&P 500 was up 11.73 points, or 0.56 percent, to 2,091.88. The Nasdaq Composite Index increased 19.04 points, or 0.38 percent, to 5,032.91.

U.S. stocks closed mixed on Tuesday, as investors were digesting better-than-expected U.S. economic data. Endi