Wall Street indexes open at record highs

(Reuters) – The three major U.S. stock indexes hit record highs at the open on Monday, the first trading day of the fourth quarter, on hopes of progress on President Donald Trump’s tax reform plan.

The Dow Jones industrial average .DJI was up 15.59 points, or 0.07 percent, at 22,420.68, the S&P 500 .SPX was up 1.53 points, or 0.06073 percent, at 2,520.89 and the Nasdaq composite .IXIC was up 10.21 points, or 0.16 percent, at 6,506.17.

Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj