US: Dow hits record high at open after inflation data

[NEW YORK] The Dow Jones Industrial Average hit a record high at the open on Wednesday after data showed that growth in inflation appeared to have peaked in July, while economically sensitive stocks gained following the passage of an infrastructure Bill.

The Dow Jones Industrial Average rose 36.22 points, or 0.10 per cent, at the open to 35,300.89. The S&P 500 opened higher by 5.43 points, or 0.12 per cent, at 4,442.18, while the Nasdaq Composite gained 46.30 points, or 0.31 per cent, to 14,834.38 at the opening bell.

REUTERS