US: Wall St opens higher after CPI data misses forecast

[NEW YORK] Wall Street was higher on Thursday as a weaker-than-expected rise in US consumer prices in April cooled inflation fears.

The Dow Jones Industrial Average rose 49.12 points, or 0.20 per cent, at the open to 24,591.66. The S&P 500 opened higher by 7.23 points, or 0.27 per cent, at 2,705.02. The Nasdaq Composite gained 16.00 points, or 0.22 per cent, to 7,355.90 at the opening bell.

REUTERS