US: Dow opens higher as wage data cools inflation fears

[NEW YORK] Dow Jones Industrial Average opened 160 points higher after payrolls data showed strong job additions in February, but a slowdown in wage growth pointed to a gradual rise in inflation, tempering expectations of faster interest rate increases.

The Dow Jones Industrial Average rose 163.58 points, or 0.66 per cent, to 25,058.79. The S&P 500 gained 16.79 points, or 0.613004 per cent, to 2,755.76. The Nasdaq Composite added 51.50 points, or 0.69 per cent, to 7,479.45.

REUTERS