Wall Street opens higher on tepid inflation data as economy gains momentum
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
 "wall street")
(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.
(Reporting by Shashank Nayar in Bengaluru; Editing by Maju Samuel)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 10 2021 | 8:23 PM IST