Wall Street's main indexes opened higher on Thursday as hotter-than-expected economic data did not dent hopes of a pause in rate hikes in September, while investors awaited a highly anticipated Arm Holdings' stock market debut.

The Dow Jones Industrial Average rose 111.97 points, or 0.32 percent, at the open to 34,687.50.

The S&P 500 opened higher by 20.34 points, or 0.46 percent, at 4,487.78, while the Nasdaq Composite gained 76.17 points, or 0.55 percent, to 13,889.76 at the opening bell.

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