U.S. stocks open higher after headline CPI data show February inflation was in line with expectations

U.S. stocks opened higher Tuesday after headline data on inflation came in line with expectations. The Dow Jones Industrial Average DJIA, +0.90% was up 1% soon after the opening bell, while the S&P 500 SPX, +1.42% gained 1.3% and the Nasdaq Composite COMP, +1.69% advanced 1.5%, according to FactSet, at last check. The consumer-price index rose 0.4% in February for a year-over-year increase of 6%, according to a report Tuesday from the U.

S. Bureau of Labor Statistics. That was in line with forecasts from economists polled by The Wall Street Journal. The year-over-year rate of inflation slowed from 6.4% in January. So-called core CPI, which excludes food and energy prices, showed the rate of inflation increased 0.5% last month for a rise of 5.5% in the 12 months through February. The monthly rise in core CPI was slightly more than the 0.4% increase expected by Wall Street.

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