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S&P 500, Nasdaq hit record highs as taper fears calm

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FILE PHOTO: The floor of the the New York Stock Exchange (NYSE) is seen after the close of trading in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo

(Reuters) – The S&P 500 and Nasdaq hit all-time highs on Monday as dovish remarks from the Federal Reserve last week bolstered optimism in an economic rebound and eased fears of a sudden tapering in monetary stimulus.

The Dow Jones Industrial Average rose 16 points, or 0.05%, at the open to 35,471.8. The S&P 500 rose 4.4 points, or 0.10%, at the open to 4,513.76, while the Nasdaq Composite rose 36.4 points, or 0.24%, to 15,165.94 at the opening bell.

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