US: Nasdaq hits record high at open on China stimulus hopes, drop in new virus cases

Published Wed, Feb 19, 2020 · 02:56 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [NEW YORK] Nasdaq hit an all-time high at the open on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy.

    The Dow Jones Industrial Average rose 80.51 points, or 0.28 per cent, at the open to 29,312.70.

    The S&P 500 opened higher by 10.10 points, or 0.30 per cent, at 3,380.39. The Nasdaq Composite gained 50.07 points, or 0.51 per cent, to 9,782.81 at the opening bell.

    REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services