(Reuters) – The S&P 500 and Nasdaq hit record highs on Thursday, while the small-cap Russell 2000 jumped after softer-than-expected inflation data bolstered hopes for Federal Reserve rate cuts.
The Dow Jones Industrial Average fell 26.18 points, or 0.07%, at the open to 39,695.18. The S&P 500 opened higher by 1.30 points, or 0.02%, at 5,635.21, while the Nasdaq Composite gained 11.80 points, or 0.06%, to 18,659.25 at the opening bell.
The Russell 2000 gained 2%.
(Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai)
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