S&P 500, Nasdaq open at fresh highs for fifth straight session on megacaps boost

The S&P 500 and the Nasdaq notched fresh highs at the open on Wednesday for the fifth straight session, as continued strength in shares of its biggest companies fueled a record rally.

The S&P 500 opened higher by 14.28 points, or 0.26%, at 5,591.26, while the Nasdaq Composite gained 82.80 points, or 0.45%, to 18,512.09 at the opening bell.

The Dow Jones Industrial Average fell 19.52 points, or 0.05%, at the open to 39,272.45.

More to come...