Stocks open higher on Wall Street a day after a late slide

Stocks are opening broadly higher on Wall Street as investors regain their confidence following a sudden drop a day earlier.

Big-name investor favourites like Facebook, Apple and Amazon helped pull the market higher in early trading Wednesday.

The S&P 500 was up 1.4 percent in the first few minutes of trading, more than it lost a day earlier.

Target reported that its online sales more than doubled in the first quarter as the coronavirus pandemic put millions in lockdown.