Wall Street closes with fresh record highs in 2020 debut
United States stock markets extended gains on Thursday at the closing bell, hitting new all-time closing highs and building on the successful 2019 rally.
Investors focused on upbeat data released during the day. US employment seemed on the right track as the initial jobless claims count dropped by 2,000 last week. Meanwhile, US manufacturing output continued to recover in December.
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Furthermore, US President Donald Trump announced that the US and China are going to sign the so-called phase one trade deal on January 15.
The Dow increased 1.17% or over 300 index points, breaking a new record. Apple, The Walt Disney Co, and Boeing led the gains, all jumping more than 2%. The Nasdaq 100 surged 1.59% with Trip.com climbing over 10% while the S&P 500 gained 0.84%, both opening the year with fresh high-water marks. Advanced Micro Devices was the best performer on the S&P 500, soaring over 7%.
The euro was flat against the dollar, going for 1.11700 at 4:30 pm ET.
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