New Delhi, Oct. 23 -- US stock indices rose on Thursday, buoyed by oil companies after President Donald Trump imposed a "massive" new round of sanctions on Russia's crude giants.

Markets had opened subdued following a mixed bag of corporate earnings earlier in the session, as investors closely monitored US-China trade dynamics and keenly anticipated the release of key inflation data.

Despite the ongoing government shutdown, US officials are set to release the Consumer Price Index (CPI) reading for September on Friday.

The CPI inflation is a critical data point ahead of the Federal Reserve's upcoming meeting later this month.

As of 1:09 PM EDT, the Dow Jones Industrial Average rose 67.87 points, or 0.15%, to 46,658.28. The S&P 500 gain...