S&P, Dow open at record highs as oil rallies

Markets Reuters

The S&P 500 and the Dow Jones Industrial Average opened at record highs on Thursday as a rally in oil prices added to rising optimism about U.S. President Donald Trump's proposed tax reforms.

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The Dow Jones Industrial Average was up 39.49 points, or 0.19 percent, at 20,815.09, the S&P 500 was up 4.73 points, or 0.200185 percent, at 2,367.55 and the Nasdaq Composite was up 2.47 points, or 0.04 percent, at 5,863.10.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Saumyadeb Chakrabarty)