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Stocks open higher after inflation rise, fall in jobless claims

Stocks open higher after inflation rise, fall in jobless claims

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U.S. stocks opened slightly higher Thursday as investors assessed a hotter-than-expected rise in inflation and a further decline in first-time jobless claims. The Dow Jones Industrial Average rose 245 points, or 0.6%, to 34,692, while the S&P 500 rose 0.5% to 4,241.20, trading above its record close from May 7.

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