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

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.