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Stocks hit new highs as Dow, S&P 500 cap a record-setting week

January 17, 2020


U.S. stocks traded modestly higher Wednesday, with the major benchmarks reaching new intraday highs early, after data on new U.S. home construction showed it surging to 13-year highs in December, adding to a series of indicators this week suggesting the economy is in good health.

Investors were also parsing data that showed China’s economic growth picked up in December, though annual growth was the weakest in about three decades.

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