SPY•Major U.S. stock indexes opened higher after October producer prices came in slightly softer than expected: the Dow rose 0.37%, the S&P 500 gained 0.32% and the Nasdaq advanced 0.17%.
The Dow Jones Industrial Average rose 193.6 points, or 0.37%, to 52,490.68 at the open. The S&P 500 gained 24.5 points, or 0.32%, to 7,616.85, while the Nasdaq Composite rose 41.9 points, or 0.17%, to 25,408.001.
October producer prices were slightly softer than expected, potentially relieving some pressure on the Federal Reserve to hike interest rates aggressively.
