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

(Corrects to remove reference to Nasdaq hitting a record high in headline and paragraph 1)

(Reuters) - 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%, at 4,274.45, while the Nasdaq Composite gained 31.10 points, or 0.22%, to 14,400.81 at the opening bell.

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

(This story corrects to remove reference to Nasdaq hitting a record high in headline and paragraph 1)

(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)

06/25/2021 13:40

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