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

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Dec 27 (Reuters) – 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%, at 4,748.61. The Dow Jones Industrial Average was up 114.80 points, or 0.32%, at 36,065.36, while the Nasdaq Composite was up 78.09 points, or 0.50%, at 15,731.46. (Reporting by Medha Singh in Bengaluru; editing by Uttaresh.V)