Wall Street Opens Higher on Fed Optimism

A Wall Street sign outside the New York Stock Exchange in the Manhattan borough of New York, on April 16, 2021. (Carlo Allegri/Reuters)

Wall Street’s main indexes opened higher on Friday, extending gains from the previous session after soft inflation data supported expectations of smaller interest rate hikes by the U.S. Federal Reserve.

The Dow Jones Industrial Average rose 82.38 points, or 0.24 percent, at the open to 33,797.75. The S&P 500 opened higher by 7.35 points, or 0.19 percent, at 3,963.72, while the Nasdaq Composite gained 10.60 points, or 0.10 percent, to 11,124.75 at the opening bell.