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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

Our Standards:The Thomson Reuters Trust Principles.

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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