(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.
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