<p>The S&P 500 and the Nasdaq hit record highs on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the bank for a second term, keeping the status quo as the central bank plans to wind down pandemic-era stimulus.</p>.<p>The Dow Jones Industrial Average rose 29.43 points, or 0.08 per cent, at the open to 35,631.41.</p>.<p>The S&P 500 opened higher by 14.04 points, or 0.30 per cent, at 4,712.00, while the Nasdaq Composite gained 63.49 points, or 0.40 per cent, to 16,120.92 at the opening bell.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>The S&P 500 and the Nasdaq hit record highs on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the bank for a second term, keeping the status quo as the central bank plans to wind down pandemic-era stimulus.</p>.<p>The Dow Jones Industrial Average rose 29.43 points, or 0.08 per cent, at the open to 35,631.41.</p>.<p>The S&P 500 opened higher by 14.04 points, or 0.30 per cent, at 4,712.00, while the Nasdaq Composite gained 63.49 points, or 0.40 per cent, to 16,120.92 at the opening bell.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>