US: S&P 500, Nasdaq open near record levels after May inflation data

[NEW YORK] The S&P 500 and Nasdaq opened near record levels on Wednesday (Jun 11), as a cooler-than-expected inflation report calmed concerns around tariff-driven price pressures and fanned expectations for interest rate cuts.

The Dow Jones Industrial Average rose 16.0 points, or 0.04 per cent, at the open to 42,882.86.

The S&P 500 rose 10.6 points, or 0.18 per cent, at the open to 6,049.38​, while the Nasdaq Composite rose 64.4 points, or 0.33 per cent, to 19,779.355 at the opening bell. REUTERS