Wall Street opens up after Spain reveals cuts

 Wall Street opened higher on Wednesday as Spain unveiled wide austerity measures, further easing jitters over euro-zone sovereign debt woes.

The Dow Jones industrial average (.DJI) gained 39.66 points, or 0.37 percent, to 10,787.92. The Standard & Poor's 500 Index (.SPX) rose 5.07 points, or 0.44 percent, to 1,160.86. The Nasdaq Composite Index (.IXIC) climbed 14.30 points, or 0.60 percent, to 2,389.61.