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US Stocks Brush Off Latest Loss

And return to record highs
By Newser Editors and Wire Services
Posted Feb 19, 2020 3:00 PM CST
US Stocks Brush Off Latest Loss
In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing higher on Wall Street, having shaken off their latest virus-induced loss, the AP reports. The gains Wednesday pushed the S&P 500 and the Nasdaq to record highs. Tech stocks helped lead the way. Apple recovered most of its loss from the prior day. Expectations are high that China will limit the damage through stimulus. The S&P 500 rose 15 points, or 0.5% to 3,386. The Dow Jones Industrial Average added 115 points, or 0.4%, to 29,348. The Nasdaq rose 84 points, or 0.9%, to 9,817. Bond prices fell. The yield on the 10-year Treasury rose to 1.57%. (Read more stock market stories.)

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