Stocks rose on Thursday as the strong rally in 2019 was set to continue in the first trading day of the new year.
The Dow Jones Industrial Average traded 117 points higher, or 0.4% at the open. The S&P 500 gained 0.5% while the Nasdaq Composite jumped 0.8%.
Intel shares climbed 1.1% to lead the Dow higher. The energy and tech sectors both gained more than 0.7% to lift the S&P 500. Western Digital was the best-performing stock in the S&P 500, climbing 3.5%. Tesla shares, meanwhile, traded 2.2% higher.