US: S&P 500 hits new peaks after May inflation data misses estimates

[NEW YORK] The S&P 500 hit all-time high at the open on Friday following robust earnings forecast from Nike, while weaker-than-expected inflation data eased worries about monetary policy tightening in the near term.

The S&P 500 opened higher by 7.96 points, or 0.19 per cent, at 4,274.45, while the Nasdaq Composite gained 31.10 points, or 0.22 per cent, to 14,400.81 at the opening bell.

The Dow Jones Industrial Average rose 131.28 points, or 0.38 per cent, at the open to 34,328.10.

REUTERS