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Post by bot on Jan 2, 2020 19:17:26 GMT -5
Dow jumps more than 330 points as 2020 books best start to a calendar year in seven years
U.S. stocks stormed higher Thursday to kick off the first trading session in 2020, with all three of the benchmark indexes finishing at records to commence the new year. The Dow Jones Industrial Average soared more than 330 points, or 1.2%, to end at around 28,869, the S&P 500 index closed up 0.8% at 3,258, while the Nasdaq Composite Index jumped 1.3% to 9,092 (all closing levels are on a preliminary basis). The Dow's gain marked its sharpest rally in the first trading session of a new year since 2013. Gains for the U.S. stock benchmarks on Tuesday were seen as a continuation of a bullish outlook for equities from 2019 and came as China's central bank announced that it would reduce the portion of deposits its commercial banks are required to set aside as reserves.
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