Wall Street's main indexes opened higher on Friday after a softer-than-expected reading on a crucial inflation metric kept alive hopes of a pause in the Federal Reserve's rate hikes.

The Dow Jones Industrial Average rose 216.27 points, or 0.64 percent, at the open to 33,882.61.

The S&P 500 opened higher by 28.48 points, or 0.66 percent, at 4,328.18, while the Nasdaq Composite gained 136.43 points, or 1.03 percent, to 13,337.71 at the opening bell.

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