US: Wall St opens higher as fresh inflation data allays rate jitters

WALL Street’s main stock indexes opened higher on Thursday (Apr 11) after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the Federal Reserve this year alive.

The Dow Jones Industrial Average rose 61.75 points, or 0.16 per cent, at the open to 38,523.26.

The S&P 500 opened higher by 12.31 points, or 0.24 per cent, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41 per cent, to 16,236.20 at the opening bell. REUTERS