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US STOCKS SNAPSHOT-Wall St opens higher as fresh inflation data allays rate jitters
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US STOCKS SNAPSHOT-Wall St opens higher as fresh inflation data allays rate jitters
Apr 11, 2024 6:56 AM

April 11 (Reuters) - 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.

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