updated 12/19/2012 9:37:32 AM ET 2012-12-19T14:37:32

NEW YORK (Reuters) - Stocks opened modestly higher on Wednesday as the latest offers in ongoing budget negotiations underlined hopes for a deal, while technology shares jumped after strong results from Oracle .

The Dow Jones industrial average <.DJI> gained 1.19 points, or 0.01 percent, to 13,352.15. The Standard & Poor's 500 Index <.SPX> gained 0.61 points, or 0.04 percent, to 1,447.40. The Nasdaq Composite Index <.IXIC> gained 5.87 points, or 0.19 percent, to 3,060.40.

(Reporting by Leah Schnurr; Editing by Nick Zieminski)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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