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Stocks set fresh records as new year kicks off

January 2, 2020


U.S. stock indexes surged on the first trading day of 2020, with bulls looking to build on the best year for the S&P 500 since 2013 as global equities rallied following a move by China’s central bank aimed at stimulating the country’s economy.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, +0.39% rose about 173 points or 0.6%, to 28,712, while the S&P 500 SPX, +0.21% was 15 points, 0.5%, higher, to touch 3,246. The Nasdaq COMP, +0.47% jumped 71 points, 0.8%, to touch 9,043. All three indexes hit fresh intraday highs in early morning action.

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