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
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN