Wall Street opens higher after inflation, jobless claims data By Reuters

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© Reuters. FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo

(Reuters) – U.S. stocks opened higher on Thursday, shrugging off a bigger-than-expected jump in May consumer prices that raised concerns of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure.

The rose 55.37 points, or 0.16%, at the open to 34,502.51. The opened higher by 9.01 points, or 0.21%, at 4,228.56, and the gained 22.13 points, or 0.16%, to 13,933.88 at the opening bell.

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