Dow Jones share price: Dow Jones jumps, S&P 500 hits new peak after inflation data misses estimates

The S&P 500 hit all-time high at the open on Friday following robust earnings forecast from Nike, while weaker-than-expected inflation data eased worries about monetary policy tightening in the near term.

The S&P 500 rose 9.66 points, or 0.23%, to 4,276.15 in early deals, after hitting an all-time high of 4,277.40.

The Dow Jones Industrial Average climbed up 178.96 points, or 0.52%, to 34,375.78.

The tech stocks-heavy Nasdaq Composite index gained 11.41 points, or 0.08%, to 14,381.12.