Dow marks new high on open

The Dow showed little sign of easing and pushed a smidge higher in early trading as the S&P and Nasdaq faded slightly, with Wall Street awash with fresh economic data.

The US Bureau of Labor Statistics said the Consumer Price Index increased by 0.6% in January, while core CPI (the index for all items less food and energy) rose 0.3%.

US retail and food services sales for January increased by 0.4% from the previous month, data from the Census Bureau showed.

Meanwhile, the headline general business conditions index rose twelve points to 18.7, its highest level in more than two years, according to firms responding to the Federal Reserve Bank of New York's February Empire State Manufacturing Survey.

Capacity utilisation for the US industrial sector fell 0.3 percentage point in January to 75.3%, the US Federal Reserve said, while Industrial production decreased 0.3%.

Shortly after the open, the Dow was up 10.48 points at 20,514.89, the broader-based S&P 500 drifted 2.09 points south to 2,335.49 and the Nasdaq Composite eased 1.71 points to 5,780.86.

Procter & Gamble was the standout early riser on the Dow, its shares up by over 3%, while tech firms Verizon and Intel were in decline.

At around 2:45pm (GMT), WTI crude was 0.47% lower at $52.95/bbl as was Brent at $55.71/bbl. Gold was trading around $1,223/oz.