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

Stock MarketsFeb 05, 2020 04:09PM ET
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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.

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

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Comments (10)
Anand Krishnan
Anand Krishnan Feb 05, 2020 4:28PM ET
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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.
Andrew carson
Andrew carson Feb 05, 2020 3:33PM ET
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What was the strong data?
Edward Chong
Edward Chong Feb 05, 2020 3:33PM ET
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haha
Anand Krishnan
Anand Krishnan Feb 05, 2020 3:33PM ET
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Private payroll data. More than expected.
Walter Morawa
Walter Morawa Feb 05, 2020 3:33PM ET
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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.
Ron Warren
Ron Warren Feb 05, 2020 1:29PM ET
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Hey! Anybody want my Tesla?
Matthew PM
Matthew PM Feb 05, 2020 1:29PM ET
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Are the batteries recyclable? I heard after 5 years they need replacement. I mean what's the point of zero emissions?
Mario Rossi
Mario Rossi Feb 05, 2020 1:14PM ET
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Corona virus pump up economy! How to distorce facts! No cure and all buy!
Atleast Max
Atleast Feb 05, 2020 12:57PM ET
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Reuters can create stories out of nothing just like these pumped up bubbles
Max German
MaxiGE Feb 05, 2020 12:29PM ET
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watch next month data and q1 earnings will be hilarious market ignores china economic downturn
Gulalai Karimi
Gulalai Karimi Feb 05, 2020 9:44AM ET
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I love you reuters !!!!
Jin News
Jin News Feb 05, 2020 8:53AM ET
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great news if true
Jubong Jeong
Jubong Jeong Feb 05, 2020 8:53AM ET
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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..
Edward Chong
Edward Chong Feb 05, 2020 8:53AM ET
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u are right not to trust the communist. but coronavirus is a just a flu virus .
Chris Martin
Chris Martin Feb 05, 2020 8:53AM ET
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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?
Marc Rich
Marc Rich Feb 05, 2020 8:29AM ET
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Good news to all
 
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