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(Reuters) - Dow Jones Industrial Average opened 160 points higher after payrolls data showed strong job additions in February, but a slowdown in wage growth pointed to a gradual rise in inflation, tempering expectations of faster interest rate increases.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly

The Dow Jones Industrial Average .DJI rose 163.58 points, or 0.66 percent, to 25,058.79. The S&P 500 .SPX gained 16.79 points, or 0.613004 percent, to 2,755.76. The Nasdaq Composite .IXIC added 51.50 points, or 0.69 percent, to 7,479.45.

Reporting by Ankur Banerjee in Bengaluru; Editing by Sriraj Kalluvila

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