US: S&P 500, Nasdaq touch record highs after tame inflation data

[NEW YORK] The S&P 500 and the Nasdaq opened at record highs on Friday (Jun 27) as a benign inflation report supported hopes for a dovish policy outlook from the US Federal Reserve this year.

The Dow Jones Industrial Average rose 118.8 points, or 0.27 per cent, at the open to 43,505.6.

The S&P 500 rose 9.7 points, or 0.16 per cent, at the open to 6,150.7​, while the Nasdaq Composite rose 49.4 points, or 0.24 per cent, to 20,217.264 at the opening bell. REUTERS