More Record Highs on First Trading Day of 2020

US stocks get off to a good start in the new year
By Newser Editors and Wire Services
Posted Jan 2, 2020 3:00 PM CST
More Record Highs on First Trading Day of 2020
A trader works at the New York Stock Exchange, Thursday, Jan. 2, 2020.   (AP Photo/Mark Lennihan)

Stocks got the New Year off to a roaring start with more solid gains and record highs for major US indexes, following up on a strong finish to 2019. Investors were encouraged by news that China's central bank will free up more money for lending. Technology companies including Apple accounted for a good part of the upward move, the AP reports. The S&P 500 rose 27 points, or 0.8%, to 3,257. The Dow Jones Industrial Average rose 330 points, or 1.2%, to 28,868. The Nasdaq composite added 119 points, or 1.3%, to 9,092. Bond prices rose. The yield on the 10-year Treasury fell to 1.87%. (Read more stock market stories.)

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