US Indexes Hit More Record Highs

Solid earnings send stocks higher on Wall Street
By Newser Editors and Wire Services
Posted Feb 12, 2020 3:00 PM CST
In this Feb. 6, 2020, file photo trader Craig Spector works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs, the AP reports. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains come as worries subside about the economic impact of the virus outbreak that originated in China. The S&P 500 index rose 21 points, or 0.7%, to 3,379. The Dow Jones Industrial Average gained 275 points, or 0.9%, to 29,551. The Nasdaq climbed 87 points, or 0.9%, to 9,725. The 10-year Treasury yield is up to 1.63%. (Read more stock market stories.)

My Take on This Story
Show results  |