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Wall St opens higher after soft producer prices data

Reuters
Wall St opens higher after soft producer prices data

Nov 13 (Reuters) - ‌The major US stock indexes ​opened ‌higher on Friday ‌after data showed October producer prices ‌were slightly softer than expected, potentially relieving some pressure on ⁠the Federal ‌Reserve to hike ⁠interest rates aggressively.

The ​Dow Jones Industrial Average rose 193.6 ​points, or 0.37%, ​at ‌the open to ​52,490.68. The ⁠S&P 500 rose ‌24.5 points, ​or ​0.32%, at the open to 7,616.85, while the Nasdaq Composite ‌rose 41.9 points, or 0.17%, to ‌25,408.001.

(Reporting ​by Niket Nishant and Utkarsh Hathi in Bengaluru; Editing ‌by Pooja Desai)