US: S&P 500, Nasdaq open at record highs on megacaps boost

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The S&P 500 and the Nasdaq notched fresh highs at the open on Wednesday (Jul 10) for the fifth straight session, as continued strength in shares of its biggest companies fuelled a record rally.

The S&P 500 opened higher by 14.28 points, or 0.26 per cent, at 5,591.26, while the Nasdaq Composite gained 82.80 points, or 0.45 per cent, to 18,512.09 at the opening bell.

The Dow Jones Industrial Average fell 19.52 points, or 0.05 per cent, at the open to 39,272.45. REUTERS