Dow hits record high at open after inflation data

The Dow Jones Industrial Average hit a record high at the open on Wednesday after data showed that growth in inflation appeared to have peaked in July, while economically sensitive stocks gained following the passage of an infrastructure bill.

The Dow Jones Industrial Average rose 36.22 points, or 0.10%, at the open to 35,300.89. The S&P 500 opened higher by 5.43 points, or 0.12%, at 4,442.18, while the Nasdaq Composite gained 46.30 points, or 0.31%, to 14,834.38 at the opening bell.