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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.

March 10, 2021 / 08:18 PM IST
Source: Reuters

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
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