Dow Ends Day Up 155

Stocks close at highest level in a month
By Newser Editors and Wire Services
Posted Jan 15, 2019 3:16 PM CST
Trader John Panin works on the floor of the New York Stock Exchange, Monday, Jan. 14, 2019.   (AP Photo/Richard Drew)

(Newser) – US stocks rallied to their highest level in more than a month after China's government moved to inject more life into its economy by cutting taxes, the AP reports. Netflix led a surge in high-tech companies Tuesday after announcing a series of price increases. The video streaming company surged 6.5%. First Republic Bank jumped 12% after reporting earnings that were better than analysts were expecting. Sherwin-Williams dropped 4.1% after the maker of paints and industrial coatings said it had a weak quarter. The S&P 500 rose 27 points, or 1.1%, to 2,610. The Dow Jones Industrial Average climbed 155 points, or 0.7%, to 24,065. The Nasdaq added 117 points, or 1.7%, to 7,023. (Read more stock market stories.)

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