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Wall St. opens higher after Fed hints at slower rate hike

(Reuters) - Wall Street opened higher on Thursday, a day after the Federal Reserve hinted that the pace of a rate increase will be slower than expected.

The Dow Jones industrial average <.DJI> rose 37.7 points, or 0.21 percent, to 17,973.44, the S&P 500 <.SPX> gained 5.39 points, or 0.26 percent, to 2,105.83 and the Nasdaq Composite <.IXIC> added 18.26 points, or 0.36 percent, to 5,083.14.

(Reporting by Kanika Sikka in Bengaluru)

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