U.S. stocks opened moderately higher on Wednesday after a report on wholesale prices showed growth slowed by more than economists had expected last month — another sign that inflation has continued to recede since peaking over the summer. The S&P 500 SPX, +0.39% increased by 15 points, or 0.
4%, to 4,005. The Dow Jones Industrial Average DJIA, +0.18% increased by 60 points, or 0.2%, to 33,971. The Nasdaq Composite COMP, +0.79% gained 82 points, or 0.7%, to 11,176. Data released before the open showed U.S. wholesale prices slid 0.5% in December, the biggest decline since April 2020.
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