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.