U.S. stocks opened higher on Friday after investors were digesting soft inflation data from the country.

Shortly after the opening bell, the Dow Jones Industrial Average added 37.52 points, or 0.17 percent, to 21,881.53. The S&P 500 rose 2.32 points, or 0.10 percent, to 2,440.53. The Nasdaq Composite Index was up 9.75 points, or 0.16 percent, to 6,226.62.

The Consumer Price Index for All Urban Consumers rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Labor Department reported Friday, lower than market consensus of a 0.2-percent gain. Over the last 12 months, the all items index rose 1.7 percent.

The soft inflation data dented market expectation for the Federal Reserve to raise interest rates by the end of this year.

Just 38 percent of investors expected the central bank to raise rates again at the end of the year, down from about 45 percent, according to the CME Group's FedWatch tool.

In the previous session, U.S. stocks slumped as tension between the United States and the Democratic People' s Republic of Korea persisted.