Wall Street opens higher, led by tech

US stock indices opened the third session of the week higher after a spate of data that showed consumer prices rose 0.4% in November in line with expectations, up from 0.1% in October, while core prices, excluding food and fuel, rose 0.1%, missing expectations of 0.2%. 

On a yearly basis, consumer prices accelerated to 2.2% as expected from 2.0% in October, while core prices slowed down to 1.7% from 1.8%.

Now markets look forward to US President Donald Trump's speech on tax reforms in the US Treasury Department in Washington, while the Federal Open Market Committee's last 2017 meeting draws to an end today, with policymakers expected to unveil their three-year forecasts for inflation, growth, unemployment, and interest rates, while also expected to hike rates by 25 basis points for the third time this year.

As of 05:09 GMT, Standard and Poor's 500 rose 0.26%, or 6.97 points to 2,671.08, while Dow Jones climbed 0.45%, or 110.90 points to 23,615.70. 

Tech-heavy NASDAQ muscled up 0.47%, or 31.95 points to 6,894.27.