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

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City

BY MEDHA SINGH

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%, at 3,494.69.

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