Wall Street's main stock indexes opened higher on Thursday 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%, at the open to 38,523.26.
The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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