U.S. stocks on Thursday opened higher Thursday, with tech shares rising in as dip buyers look for a bounce to halt a three-session slide, a day after hot inflation data sent the Dow Jones Industrial Average down for a third day to its biggest one-day loss since January. The Dow rose 140 points, or 0.4%, to 33,723, the S&P 500 index climbed 0.7% to 4,090, while the Nasdaq Composite Index added 1.1% early Thursday. The moves come as investors took another round of U.S. inflation data in stride, after April producer price index jumped 0.6%, far above forecasts for a 0.3% rise. Year over year, wholesale inflation rose 6.2% versus a 4.2% rise in March. Concerns about inflation have moved front and center for investors after data on Wednesday showed prices at the consumer level saw the biggest monthly rise since 2009 and the largest year-over-year increase since 2008.
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