US Indexes Rally to More Record Highs

By Newser Editors and Wire Services
Posted Jan 16, 2020 3:00 PM CST
US Indexes Rally to More Record Highs
In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

Stocks are closing broadly higher on Wall Street, pushing major indexes to new record highs, the AP reports. A batch of solid economic data injected more optimism into markets Thursday, a day after the US and China signed an initial trade deal. Technology companies including Microsoft led the gains. Morgan Stanley rose sharply after reporting blowout results for its latest quarter. The S&P 500 rose 27 points, or 0.8%, to 3,316. The Dow Jones Industrial Average added 267 points, or 0.9%, to 29,297. The Nasdaq rose 98 points, or 1.1%, to 9,357. Bond prices fell. The yield on the 10-year Treasury note rose to 1.80%. (Read more stock market stories.)

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