S&P 500, Nasdaq open at record high in a big week for Federal Reserve

FAN Editor
Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2021. REUTERS/Brendan McDermid

November 1, 2021

(Reuters) – The S&P 500 and the Nasdaq indexes opened at record highs on Monday, led by gains in Tesla and energy stocks at the start of a week packed with economic data as well as the Federal Reserve’s potential move to slow down bond purchases.

The Dow Jones Industrial Average rose 14.09 points, or 0.04%, at the open to 35,833.65. The S&P 500 opened higher by 5.24 points, or 0.11%, at 4,610.62, while the Nasdaq Composite gained 42.87 points, or 0.28%, to 15,541.26 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)

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