April 12 (Reuters) - Wall Street's main indexes opened
higher on Wednesday as headline consumer prices cooled faster
than expected in March, raising hopes that the Federal Reserve
could hit pause on its interest rate hiking cycle soon.
The Dow Jones Industrial Average rose 79.42 points,
or 0.24%, at the open to 33,764.21. The S&P 500 opened
higher by 12.78 points, or 0.31%, at 4,121.72, while the Nasdaq
Composite gained 78.99 points, or 0.66%, to 12,110.87 at
the opening bell.
(Reporting by Ankika Biswas in Bengaluru; Editing by Shounak
Dasgupta)
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