S&P 500 hits record high on strong retail sales data

view original post

The S&P 500 hit a record high after the market opened on Monday, as strong retail sales underscored the strength of the economy and overshadowed worries from Omicron-driven flight cancellations at the start of this year’s final trading week.

Minutes after the opening bell, the S&P 500 was up 22.82 points, or 0.48 per cent, at 4,748.61. The Dow Jones Industrial Average was up 114.80 points, or 0.32 per cent, at 36,065.36, while the Nasdaq Composite was up 78.09 points, or 0.50 per cent, at 15,731.46.