US Stock Market Today: S&P 500 Opens Higher, Nasdaq Up 120 Points After July Inflation Rises Moderately

US Stock Market Today: Wall Street's main indexes opened higher on Tuesday after data showed inflation rose broadly in line with expectations in July, putting the Federal Reserve on track to lower interest rates next month.

The Dow Jones Industrial Average rose 75.4 points, or 0.17%, at the open to 44050.53. The S&P 500 rose 21.7 points, or 0.34%, to 6395.17​, while the Nasdaq Composite rose 122.0 points, or 0.57%, to 21507.441.