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S&P 500 posts record high on strong economic data, ebbing virus fears

Published 02/05/2020, 04:09 PM
Updated 02/05/2020, 04:09 PM
S&P 500 posts record high on strong economic data, ebbing virus fears

NEW YORK (Reuters) - The benchmark S&P 500 posted a record closing high on Wednesday as U.S. stocks rallied for a third straight day on encouraging U.S. economic data and waning fears of the financial fallout from a virus out of China.

The Dow Jones Industrial Average (DJI) rose 483.02 points, or 1.68%, to 29,290.65, the S&P 500 (SPX) gained 37.12 points, or 1.13%, to 3,334.71 and the Nasdaq Composite (IXIC) added 40.71 points, or 0.43%, to 9,508.68.

Latest comments

Because of the pcall ratio being so low, I am currently shorting the market. Right now the market is at resistance. If it pushes through, I will stop out and reenter later. In the meantime I may enter some short term bullish trades.
What was the strong data?
haha
Private payroll data. More than expected.
adp numbers much stronger than expected. doesn't justify the level of risk. also futures rose last night based on unconfirmed positive news about the Corona. pump pump pump and then dump on the average retail investor.
Hey! Anybody want my Tesla?
Are the batteries recyclable? I heard after 5 years they need replacement. I mean what's the point of zero emissions?
Corona virus pump up economy! How to distorce facts! No cure and all buy!
Reuters can create stories out of nothing just like these pumped up bubbles
watch next month data and q1 earnings will be hilarious market ignores china economic downturn
I love you reuters !!!!
great news if true
Don't trust Xi. Much more people are dying than the Chinese government announced. Do you believe in treating corona with HIV drugs? non sense..
u are right not to trust the communist. but coronavirus is a just a flu virus .
And you know of the answer? You're a scientist? We don't trust him but ti.e statements are incorrect. The GILD drug was for EBOLA, was it not?
Good news to all
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