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

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. (REUTERS/Carlo Allegri)

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.

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