Market opens higher after benign inflation data

NEW YORK (Reuters) - Stocks rose on Friday, lifted by a benign report on inflation and a brokerage upgrade of Lehman Brothers which helped to boost the financial sector.

The Dow Jones industrial average <.DJI> was up 57.72 points, or 0.47 percent, at 12,360.18. The Standard & Poor's 500 Index <.SPX> was up 6.10 points, or 0.46 percent, at 1,331.86. The Nasdaq Composite Index <.IXIC> was up 15.40 points, or 0.68 percent, at 2,296.23.

(Reporting by Jennifer Coogan; Editing by James Dalgleish)

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