Wall Street Rises as July Inflation Data Fuels Fed Rate Pause Hopes

Wall Street’s main indexes opened higher on Thursday after milder-than-feared July consumer prices data fueled hopes the Federal Reserve could leave interest rates on hold next month.

The Dow Jones Industrial Average rose 108.18 points, or 0.31 percent, at the open to 35,231.54.

The S&P 500 opened higher by 19.45 points, or 0.44 percent, at 4,487.16, while the Nasdaq Composite gained 96.24 points, or 0.70 percent, to 13,818.25 at the opening bell.