Stocks opened to record highs on Wednesday as the major averages look to keep the momentum going after a strong start to September.

The Dow Jones Industrial Average gained 122 points, or 0.43%, in the opening minutes of trading, after climbing into positive territory for the year on Tuesday.

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Meanwhile, the S&P 500 and the Nasdaq Composite were higher by 0.4% and 0.8%, respectively, adding to their record closes from the previous session. The S&P 500 has booked 21 record-high closes this year while the Nasdaq has finished at an all-time high 42 times.

Looking at the economy, the ADP employment report showed private payrolls grew by 428,000 workers in August, missing the 950,000 that analysts surveyed by Refinitiv were expecting. The Labor Department will release the August jobs report ahead of Friday’s opening bell. Read more at FOX Business