Wall Street opens higher after strong ADP report

The Dow Jones industrial average rose 0.31%

U.S. stocks opened higher on Wednesday after a better-than-expected report on U.S. private sector employment for May and as the European Central Bank left interest rates unchanged.

The Dow Jones industrial average rose 55.22 points, or 0.31 percent, to 18,067.16, while the S&P 500 gained 4.98 points, or 0.24 percent, to 2,114.58 and the Nasdaq Composite added 20.77 points, or 0.41 percent, to 5,097.30.