US: S&P, Nasdaq hit new highs on waning China virus fears, earnings
[NEW YORK] The S&P 500 and the Nasdaq hit fresh all-time highs at the open on Wednesday, as investors took heart from China's efforts to contain a virus outbreak and a strong forecast from IBM.
The Dow Jones Industrial Average rose 67.59 points, or 0.23 per cent, at the open to 29,263.63. The S&P 500 opened higher by 9.23 points, or 0.28 per cent, at 3,330.02. The Nasdaq Composite gained 42.81 points, or 0.46 per cent, to 9,413.61 at the opening bell.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results