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Dow jumps more than 250 points as market rally extends for a third day


Wednesday, 5 February 2020 21:41 WIB

Saham AS


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Stocks rose on Wednesday, building on the week’s already strong gains, as investors recover from a recent drop sparked by coronavirus fears.

Better-than-expected jobs data also lifted investor sentiment.

The Dow Jones Industrial Average traded 270 points higher, or 1%. The S&P 500 also gained 1% while the Nasdaq Composite traded 1.1% higher.

Earlier on Wednesday, Reuters said a Chinese TV media outlet had reported that a research team at Zhejiang University had found an effective drug to treat people with the new coronavirus. The news agency, citing traders, suggested this was a reason for the move higher in stocks.

Source: CNBC


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