US: S&P 500 opens at record high for fifth straight day

[BENGALURU] The S&P 500 opened at an all-time high for the fifth time this week on Friday as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the Covid-19 pandemic spurred risk appetite.

The S&P 500 opened higher by 10.14 points or 0.29 per cent at 3,494.69.

The Dow Jones Industrial Average rose 109.02 points or 0.38 per cent at the open to 28,601.29 and the Nasdaq Composite gained 63.94 points or 0.55 per cent to 11,689.28 at the opening bell.

REUTERS