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S&P 500, Nasdaq hit intraday record highs after inflation data
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Wall Street's main indexes opened higher on Wednesday, with the Nasdaq and the S&P 500 hitting intraday record highs after consumer prices increased less than expected in April, supporting market bets for a September interest rate cut.
The Dow Jones Industrial Average rose 56.99 points, or 0.14%, at the open to 39,615.10.
The S&P 500 opened higher by 16.58 points, or 0.32%, at 5,263.26, while the Nasdaq Composite gained 89.96 points, or 0.54%, to 16,601.14 at the opening bell.
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Read more on economictimes.indiatimes.com
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