S&P 500, Nasdaq open higher after inflation-driven rout; Disney tumbles

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The S&P 500 and the Nasdaq indexes opened higher on Thursday, rebounding from a two-day selloff over signs of prolonged inflation, while Walt Disney Co tumbled as subscriber growth slowed in its streaming video service.

The Dow Jones Industrial Average fell 41.16 points, or 0.11 per cent, at the open to 36,038.78.

The S&P 500 opened higher by 12.68 points, or 0.27 per cent, at 4,659.39, while the Nasdaq Composite gained 129.38 points, or 0.83 per cent, to 15,752.08 at the opening bell.