US: S&P 500 opens at record high on retail sales data, chip stocks boost
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WALL Street’s main indexes jumped on Thursday (Oct 17), with the S&P 500 notching up a record high as an upbeat forecast from TSMC boosted semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong US consumer.
The Dow Jones Industrial Average rose 165.37 points, or 0.38 per cent, to 43,243.07.
The S&P 500 rose 33.1 points, or 0.57 per cent, at the open to 5,875.62, while the Nasdaq Composite rose 170.1 points, or 0.93 per cent, to 18,537.212 at the opening bell. REUTERS
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