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Dow opens higher as wage data cools inflation fears


(Reuters) - Dow Jones Industrial Average opened 160 points higher after payrolls data showed strong job additions in February, but a slowdown in wage growth pointed to a gradual rise in inflation, tempering expectations of faster interest rate increases. The Dow Jones Industrial Average rose 163.58 points, or 0.66 percent, to 25,058.79. The S&P 500 gained 16.79 points, or 0.613004 percent, to 2,755.76. The Nasdaq Composite added 51.50 points, or 0.69 percent, to 7,479.45. (Reporting by Ankur Banerjee in Bengaluru; Editing by Sriraj Kalluvila)(This story has not been edited by Business ...

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First Published: Fri, March 09 2018. 20:05 IST