S&P 500 and Nasdaq opened at record highs on Wednesday after cooler-than-expected producer inflation data boosted expectations of Fed rate cuts. A strong rally in Oracle shares also supported gains.
In the early hours of trading, S&P 500 rose by 37.7 points, or 0.58%, to 6,550.29, while the Nasdaq Composite advanced 101.1 points, or 0.46%, to 21,980.60. However, the Dow Jones Industrial Average dropped 91.9 points, or 0.04%, to 45,618.50.
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