US Indexes Hit Record Highs Ahead of Trade Deal

S&P 500, Nasdaq hit records; Dow ends day up 83
By Newser Editors and Wire Services
Posted Jan 13, 2020 3:14 PM CST
US Indexes Hit Record Highs Ahead of Trade Deal
This Aug. 23, 2019, file photo shows the New York Stock Exchange in New York.   (AP Photo/Frank Franklin II, File)

Stocks are closing higher on Wall Street ahead of the signing of a “Phase 1” trade deal with China, sending the S&P 500 and the Nasdaq to record highs, the AP reports. Technology companies led the way. The gains came a day before major banks kick off the latest earnings reporting season for US companies. The S&P 500 rose 22 points, or 0.7%, to 3,288. The Dow Jones Industrial Average rose 83 points, or 0.3%, to 28,907. The Nasdaq climbed 95 points, or 1%, to 9,273. Bond prices fell as demand for safe-haven assets diminished. The yield on the 10-year Treasury rose to 1.84%. (More stock market stories.)

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