US: Wall St opens higher as inflation data boosts softer Fed policy hopes

WALL Street’s main indexes opened higher on Friday (Mar 31) after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve.

The Dow Jones Industrial Average rose 42.93 points, or 0.13 per cent, at the open to 32,901.96.

The S&P 500 opened higher by 5.35 points, or 0.13 per cent, at 4,056.18, while the Nasdaq Composite gained 18.07 points, or 0.15 per cent, to 12,031.54 at the opening bell. REUTERS