US stocks edge higher after the release of economic data

The major US stock indices opened higher on Wednesday, after the release of the US industrial production data.

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

The CPI reading yesterday showed the largest slowdown in 6 month, which increased uncertainty about the Federal Reserve's next move.

Chairman Jerome Powell of the US Federal Reserve has hinted recently at reducing the size of the bond-buying program before the end of 2021, due to rising inflation and improving economic conditions.

As for stocks, Dow Jones rose 0.2% or 58 points to 34,636 as of 14:34 GMT, and S&P 500 rose 0.2% or 7 points to 4,450, while Nasdaq rose less than 0.1% or 1 point to 15,058.