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Post by bot on Jan 8, 2020 16:24:40 GMT -5
Nasdaq closes at record as Trump soothes Middle East geopolitical jitters
Stocks finished higher on Wednesday after President Donald Trump played down the importance of an Iranian missile strike on Iraqi bases housing American troops, cooling concerns that the U.S. was being drawn into a conflict with Tehran. The S&P 500 rose 16 points, or 0.5%, to end around 3,253. The Dow Jones Industrial Average picked up 161 points, or 0.6%, to 28,745, based on preliminary numbers. The Nasdaq Composite gained 61 points, or 0.7%, to finish around 9,129, surpassing its previous closing record of 9,092.19 set on Jan. 2. Trump emphasized that the U.S. had suffered no casualties. He did, however, announce fresh sanctions on Iran. In company news, shares of Boeing were down 1.6% after one of its aircraft crashed in Tehran en route to Ukraine.
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