Dow jones share price: Wall Street opens higher after Fed gears up for inflation fight

Wall Street’s main indexes opened higher on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming nerves around surging price pressures.

The Dow Jones Industrial Average rose 108.85 points, or 0.30 per cent, at the open to 36,036.28.

The S&P 500 opened higher by 9.28 points, or 0.20 per cent, at 4,719.13, while the Nasdaq Composite gained 63.49 points, or 0.41 per cent, to 15,629.08 at the opening bell.