Stocks Open Higher as Investors Assess Inflation Data and Await Fed Minutes

US stocks gained at the open on Wednesday, as investors assessed hotter-than-expected wholesale inflation data and looked to Federal Reserve minutes.

The Dow Jones Industrial Average put on around 0.3%, while the S&P 500 moved up 0.4%. The Nasdaq Composite gained roughly 0.6%.

Minutes from the Fed's last meeting should give more insight into the future path of its policy.

Oil prices continued to slide as the impact on supply from the Middle East conflict appeared contained.

Birkenstock is expected to make its trading debut on the NYSE on Wednesday, after pricing its IPO at $46 a share.