New Delhi, Sept. 26 -- US stocks edged higher on Friday after the Federal Reserve's preferred inflation gauge -Personal Consumption Expenditures (PCE) price index - was found to be in line with expectations.

This served to allay fears that sustained price pressures could postpone interest rate reductions from the Federal Reserve.

As of 1:12 PM Eastern Time, the S&P 500 added 0.6%, the Dow Jones Industrial Average was up 0.8%, and the Nasdaq Composite rose 0.4%.

As of 9:35 AM Eastern Time, the S&P 500 rose 0.5%, the Dow Jones Industrial Average was up 0.5%, and the Nasdaq Composite was 0.4% higher.

At the open, the Dow Jones Industrial Average rose 154.1 points, or 0.34%, to 46,101.45. The S&P 500 rose 10.7 points, or 0.16%, to 6,615.3...