Wall Street opens higher on tepid inflation data

The Dow Jones Industrial Average rose 74.2 points, or 0.23 percent, at the open to 31906.96.

Reuters

March 10, 2021 / 20:18 IST

Source: Reuters

Major U.S. stock indexes opened higher on Wednesday after data showed underlying consumer prices remained tepid in February, easing concerns about a spike in inflation as an economic recovery gathers momentum.

The Dow Jones Industrial Average rose 74.2 points, or 0.23 percent, at the open to 31906.96.

The S&P 500 rose 16.5 points, or 0.43 percent, at the open to 3891.99, while the Nasdaq Composite rose 160.9 points, or 1.23 percent, to 13234.733 at the opening bell.

Reuters

first published: Mar 10, 2021 08:17 pm

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