U.S. stocks opened higher on Wednesday following the release of an April inflation report. The S&P 500 SPX gained 32 points, or 0.8%, to 4,151. The Dow Jones Industrial Average DJIA rose by 194 points, or 0.6%, to 33,754. The Nasdaq Composite COMP increased by 134 points, or 1.
1%, to 12,313. An April report on the consumer-price index showed that over the past 12 months, the pace of consumer inflation increased 4.9%, down from 5% year-over-year in March. This marked the 10th straight decline in headline inflation, and also the first reading below 5% in two years.
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