US: S&P 500 hits record high on strong retail sales data

[NEW YORK] The S&P 500 hit a record high after the market opened on Monday, as strong retail sales underscored the strength of the economy and overshadowed worries from Omicron-driven flight cancellations at the start of this year's final trading week.

Minutes after the opening bell, the S&P 500 was up 22.82 points or 0.48 per cent at 4,748.61. The Dow Jones Industrial Average was up 114.80 points or 0.32 per cent at 36,065.36, while the Nasdaq Composite was up 78.09 points or 0.50 per cent at 15,731.46.

REUTERS