Wall Street opens higher after GDP data


(Reuters) – Wall Street’s main indexes opened higher on Wednesday after data showed U.S. economic growth slowed slightly more than initially thought in the fourth quarter, weakening the case for faster rises in interest rates. The Dow Jones Industrial Average .DJI rose 98.48 points, or 0.39 percent, to 25,508.51. The S&P 500 .SPX gained 12.71 points, or 0.46 percent, to 2,756.99. The Nasdaq Composite .IXIC added 41.00 points, or 0.56 percent, to 7,371.36. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’SilvaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters