Wall Street reaches record closing highs amid coronavirus slowdown

13.02.2020 - Petr Mazaylo
Wall Street reaches record closing highs amid coronavirus slowdown

Wall Street reached new record highs on Wednesday as investors recover appetite over coronavirus slowdown.

Technology shares led the rally that lifted three major U.S. stock averages to new highs. The S&P 500 and Nasdaq closed three consecutive highs. The Dow achieved its most recent record on Feb. 6.

New coronavirus cases in China tallied its lowest in two weeks. The epidemic could be over by April, said a senior Chinese medical adviser.

The outbreak caused worries across markets, and the World Health Organization warned that it was a global threat.

The Dow Jones Industrial Average gained 0.94%, or 274.46 points, to 29,550.8. The S&P 500 rose 0.64%, or 21.63 points, to 3,379.38. The Nasdaq Composite was up 0.9%, or 87.02 points, to 9,725.96.

351 companies in the S&P 500 reported their fourth-quarter sales. 70.9% of the companies surpassed analyst estimates. Aggregate fourth quarter sales reported to grow at 2.4%.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue

Help with deposit?