U.S. stocks pushed higher Wednesday, with major benchmarks touching new intraday records, after Chinese authorities provided assurance they were taking steps to contain a possible coronavirus pandemic, relieving investor fears about a threat to global economic growth.
The Dow Jones Industrial Average was about 17 points, 0.1%, higher, at about 29,213 mid-morning, while the S&P 500 was about 7 points, 0.2%, higher, about 3,328. The Nasdaq Composite Index gained nearly 40 points or 0.4%, touching 9,410 mid-morning.
On Tuesday, the Dow shed 152.06 points, or 0.5%, to 29,196.04, ending its five-day streak of gains. The S&P 500 index fell 8.83 points, or 0.3%, to 3,320.79 and the Nasdaq Composite Index closed down 18.14 points, or 0.2%, at 9,370.81, after briefly turning positive mid-session to set a record intraday high of 9,397.58.
Source : Marketwatch