Wall Street opens higher as data dims rate hike chances

(Reuters) - Wall Street opened higher on Thursday as data showed U.S. inflation increased at its slowest pace since late 2015, boosting expectations that the Federal Reserve will hold off from increasing interest rates again this year.

The Dow Jones Industrial Average rose 41.32 points, or 0.19 percent, to 21,933.75. The S&P 500 gained 5.36 points, or 0.22 percent, to 2,462.95. The Nasdaq Composite added 15.84 points, or 0.25 percent, to 6,384.15.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)