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S&P 500, Nasdaq open at record highs as markets cheer inflation data

Published 2024/06/12, 12:17
Updated 2024/06/12, 15:45
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2024.  REUTERS/Brendan McDermid
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© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2024.  REUTERS/Brendan McDermid

(Reuters) - Wall Street jumped at the open, with the S&P 500 and the Nasdaq touching fresh record highs on Wednesday after benign consumer prices data reassured investors inflation was cooling, boosting hopes for rate cuts from the Federal Reserve later this year.

At 9:32 a.m. ET, Dow e-minis were up 346 points, or 0.89%, S&P 500 e-minis were up 45.75 points, or 0.85%, and Nasdaq 100 e-minis were up 177.75 points, or 0.92%.

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