Wall Street Rises as In-line Inflation Data Calms Nerves

A Wall Street sign is seen at the New York Stock Exchange (NYSE) in New York City, on Jan. 4, 2022. (Angela Weiss/AFP via Getty Images)

Wall Street’s main indexes opened higher on Wednesday after consumer prices data that largely met expectations eased some concerns about faster-than-expected interest rate hikes, with big technology stocks leading the advance.

The Dow Jones Industrial Average rose 84.14 points, or 0.23 percent, at the open to 36,336.16. The S&P 500 opened higher by 15.52 points, or 0.33 percent, at 4,728.59, while the Nasdaq Composite gained 109.65 points, or 0.72 percent, to 15,263.10 at the opening bell.