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May 13, 2021, 9:36 a.m. EDT

U.S. stock market opens higher, aims to snap 3-session skid

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By Mark Decambre

U.S. stocks on Thursday opened higher Thursday, with tech shares rising in as dip buyers look for a bounce to halt a three-session slide, a day after hot inflation data sent the Dow Jones Industrial Average down for a third day to its biggest one-day loss since January. The Dow /zigman2/quotes/210598065/realtime DJIA -0.07% rose 140 points, or 0.4%, to 33,723, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.0052% climbed 0.7% to 4,090, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.0059% added 1.1% early Thursday. The moves come as investors took another round of U.S. inflation data in stride, after April producer price index jumped 0.6%, far above forecasts for a 0.3% rise. Year over year, wholesale inflation rose 6.2% versus a 4.2% rise in March. Concerns about inflation have moved front and center for investors after data on Wednesday showed prices at the consumer level saw the biggest monthly rise since 2009 and the largest year-over-year increase since 2008.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,922.97
-22.61 -0.07%
Volume: 82.85M
June 23, 2021 11:10a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,246.22
-0.22 -0.0052%
Volume: 518.09M
June 23, 2021 11:10a
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,254.11
+0.85 +0.0059%
Volume: 1.70M
June 23, 2021 11:10a
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