U.S. stock benchmarks Friday morning were edging slightly higher and looking to maintain strong weekly gains as investors weighed positioning heading into the weekend, amid the continuing spread of, the illness derived from the novel coronavirus that reportedly originated in Wuhan, China last year.
The Dow Jones Industrial Average traded 30 points, or 0.1%, higher at 29,453, the S&P 500 index gained 0.2% at 3,379, while the Nasdaq Composite Index climbed 0.3% at 9,738. For the week, the Dow were on track for a weekly gain of at least 1%, while the Nasdaq was on pace for a gain of more than 2% over the period.
China's National Health Commission reported 5,090 new confirmed cases in mainland China, bringing the total to 63,851. The number of new cases jumped sharply on Thursday after a change in the government's counting method.
Source : Marketwatch