U.S. stocks punched solidly higher Wednesday morning, with the S&P 500 and Dow hitting all-time highs, buoyed by signs of a slowdown in the number of new cases of COVID-19 — a novel strain of coronavirus that reportedly originated in Wuhan, China late last year.
The Dow Jones Industrial Average was up 195 points, or 0.7%, at 29,472, while the S&P 500 added about 16 points or 0.5%, to trade near 3,374. Both gauges logged intraday records. The Nasdaq Composite Index climbed 57 points to 9,695, a gain of 0.6%. All three benchmarks are trading in record-close territory.