Wall Street opens higher as Fed concerns ease

NEW YORK (Reuters) - U.S. stocks opened higher on Wednesday as concerns eased that the U.S. Federal Reserve would soon rein in its stimulus program.

The Dow Jones industrial average was up 85.86 points, or 0.58 percent, at 14,846.17. The Standard & Poor's 500 Index was up 9.53 points, or 0.60 percent, at 1,597.56. The Nasdaq Composite Index was up 28.10 points, or 0.84 percent, at 3,375.99.

(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)