U.S. stocks open higher on Thursday, buoyed by retail companies, although caution prevailed ahead of the start of the annual gathering of central bankers at Jackson Hole, Wyoming.

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The Dow Jones Industrial Average rose 34.68 points, or 0.16 percent, to 21,846.77. The S&P 500 gained 4.4 points, or 0.18 percent, to 2,448.44. The Nasdaq Composite added 16.86 points, or 0.27 percent, to 6,295.27.

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