US: Nasdaq opens at record highs as markets cheer inflation data

WALL Street jumped at the open, with the S&P 500 and the Nasdaq touching fresh record highs on Wednesday (Jun 12) after benign consumer prices data reassured investors inflation was cooling, boosting hopes for rate cuts from the Federal Reserve later this year.

At 9:32 am ET, Dow e-minis were up 346 points, or 0.89 per cent, S&P 500 e-minis were up 45.75 points, or 0.85 per cent, and Nasdaq 100 e-minis were up 177.75 points, or 0.92 per cent. REUTERS