US: S&P 500, Dow hit all-time highs as coronavirus spread slows

[NEW YORK] The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in China.

The Dow Jones Industrial Average rose 130.41 points, or 0.45 per cent, at the open to 29,406.75.

The S&P 500 opened higher by 12.75 points, or 0.38 per cent, at 3,370.50. The Nasdaq Composite gained 49.66 points, or 0.52 per cent, to 9,688.60 at the opening bell.

REUTERS