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
1 min read Last Updated : Mar 10 2021 | 8:35 PM IST

(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.)

More From This Section

Topics :Wall StreetInflation dataUS economy

First Published: Mar 10 2021 | 8:23 PM IST

Next Story