Stocks Opened Higher on Easing Trade Worries

U.S. stocks opened higher on Thursday, as trade worries eased after China said it was open to new trade talks with the United States. The Dow Jones Industrial Average lately rose 169.31 points, or 0.65%, to 26,168.23. The S&P 500 added 5.96 points, or 0.55%, to 2,904.88. The Nasdaq Composite gained 70.19 points, or 0.88%, to 8,024.41.

Oil futures fell in early Thursday trade as a report showed production among OPEC members surged in August, pushing global inventories to a record. October futures on West Texas Intermediate crude fell 93 cents, or 1.3%, to $69.44 a barrel. November Brent gave up 56 cents, or 0.7%, to $79.17 a barrel.

U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.The Labor Department said on Thursday its Consumer Price Index increased 0.2 percent last month after a similar gain in July.

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