: U.S stocks open slightly higher after CPI inflation report

U.S. stocks opened slightly up Wednesday as investors parsed fresh data on inflation in August. The Dow Jones Industrial Average DJIA was trading 0.2% higher soon after the opening bell, while the S&P 500 SPX edged up 0.2% and the Nasdaq Composite COMP rose 0.2%, according to FactSet data, at last check. Inflation rose 0.6% in August, as measured by the consumer-price index, according to a report Wednesday from the Bureau of Labor Statistics. That was in line with forecasts from economists polled by the Wall Street Journal, although so-called core inflation came in slightly hotter than anticipated in August. Core CPI, which excludes energy and food prices, increased 0.3% last month. Over the past year core CPI climbed 4.3%, as forecast, while easing from a year-over-year rate of 4.7% in July. Headline inflation increased 3.7% in the 12 months through August, from 3.2% in the year through July.

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