Nasdaq, S&P 500 open at record highs after inflation data, Russell jumps
The Dow Jones Industrial Average fell 26.18 points, or 0.07%, at the open to 39,695.18.
The S&P 500 and hit record highs on Thursday, while the small-cap Russell 2000 jumped after softer-than-expected inflation data bolstered hopes for Federal Reserve rate cuts.The Industrial Average fell 26.18 points, or 0.07%, at the open to 39,695.18.
The S&P 500 opened higher by 1.30 points, or 0.02%, at 5,635.21, while the Nasdaq Composite gained 11.80 points, or 0.06%, to 18,659.25 at the opening bell.
The Russell 2000 gained 2%.
More to come....
Source: Stocks-Markets-Economic Times
