Wall Street’s main indexes opened higher on Thursday as a keenly awaited inflation reading came in line with expectations, keeping alive hopes the Federal Reserve could pause its monetary tightening.
The Dow Jones Industrial Average rose 18.85 points, or 0.05 percent, at the open to 34,909.09. The S&P 500 opened higher by 2.14 points, or 0.05 percent, at 4,517.01, while the Nasdaq Composite gained 22.23 points, or 0.16 percent, to 14,041.54 at the opening bell.
