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

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U.S. stocks opened higher Tuesday after headline data on inflation came in line with expectations. The Dow Jones Industrial Average was up 1% soon after the opening bell:

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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