S&P 500, Dow hit record highs on upbeat earnings, strong retail sales

FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo

(Reuters) – The S&P 500 and Dow Jones indexes hit record highs on Thursday, as upbeat earnings reports from companies including Bank of America and BlackRock as well as a strong rebound in March retail sales bolstered hopes of a broader economic rebound.

The Dow Jones Industrial Average rose 57.64 points, or 0.17%, at the open to 33,788.53. The S&P 500 opened higher by 15.10 points, or 0.37%, at 4,139.76, while the Nasdaq Composite gained 125.39 points, or 0.90%, to 13,983.23 at the opening bell.

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