Wall Street opens higher as Fed targets 2% average inflation By Reuters

© Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City

(Reuters) – U.S. stocks opened higher on Thursday as Federal Reserve Chair Jerome Powell rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels.

The rose 52.15 points, or 0.18%, at the open to 28,384.07. The S&P 500 opened higher by 6.41 points, or 0.18%, at 3,485.14, while the gained 23.14 points, or 0.20%, to 11,688.20 at the opening bell.

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