Wall St. opens higher on tepid inflation data

FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid

(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%, at the open to 31906.96. The S&P 500 rose 16.5 points, or 0.43%, at the open to 3891.99, while the Nasdaq Composite rose 160.9 points, or 1.23%, to 13234.733 at the opening bell.

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