(Reuters) -The S&P 500 and the Nasdaq opened at record highs on Friday as a benign inflation report supported hopes for a dovish policy outlook from the U.S. Federal Reserve this year. The Dow Jones Industrial Average rose 118.8 points, or 0.27%, at the open to 43505.6. The S&P 500 rose 9.7 points, or 0.16%, […]
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S&P 500, Nasdaq touch record highs after tame inflation data
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(Reuters) -The S&P 500 and the Nasdaq opened at record highs on Friday as a benign inflation report supported hopes for a dovish policy outlook from the U.S. Federal Reserve this year.
The Dow Jones Industrial Average rose 118.8 points, or 0.27%, at the open to 43505.6. The S&P 500 rose 9.7 points, or 0.16%, at the open to 6150.7, while the Nasdaq Composite rose 49.4 points, or 0.24%, to 20217.264 at the opening bell.
(Reporting by Nikhil Sharma in Bengaluru; Editing by Pooja Desai)