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Stocks open higher as consumer prices remain tame


Stock futures were higher throughout the early session, but received a pop following the in-line consumer prices report. The CPI rise of 0.2% month-over-month suggested inflation was not running away, potentially limiting the number of interest rate hikes by the Fed. There will be little else for investors to key in on other than the torrid pace that is being set by the Nasdaq. The index hits a new all-time high with any positive open as the technology sector remains strong. About 30 minutes into trading, the Dow is up 172 points, the Nasdaq is up 32 points and the S&P is up 16 points.

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