US stocks: Wall Street opens higher as fresh inflation data allays rate jitters

Alienx
US stocks: Wall Street opens higher as fresh inflation data allays rate jitters
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Wall Street’s main stock indexes opened higher on Thursday after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the Federal Reserve this year alive.

The Dow Jones Industrial Average rose 61.75 points, or 0.16%, at the open to 38,523.26.

The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.

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