Stock market opens higher, S&P 500 on pace to log its longest win streak in about 4 months

U.S. stock indexes on Wednesday opened solidly higher, contributing to a multiday rally that has been at least partly underpinned by continued hope that trade talks between U.S. and China, which were drawing to a close. The Dow Jones Industrial Average DJIA, +0.64% climbed 151 points, or 0.6%, at 23,939, with the index on pace for its third gain in a row, which would represent its longest string of gains since early November, according to FactSet data. The S&P 500 index SPX, +0.44% advanced 0.4% at 2,585, putting the broad-market benchmark on pace to notch its lengthiest streak of gains since the five-session period ended Sept. 14. The Nasdaq Composite index COMP, +0.63% also was climbing, up 0.7% at 6,940. The technology and internet-heavy gauge has climbed in nine of the past 10 sessions. In corporate news, investors were watching shares of Amazon.com Inc. AMZN, +0.08% after Jeff Bezos, one the richest men in the world, announced that he was divorcing his wife. Shares of Apple Inc. AAPL, +0.56% were also in focus after reports indicated that the tech giant was planning to cut iPhone production by 10% this quarter.

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