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Wall Street hits new highs as China moves to limit coronavirus impact

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U.S. stocks advanced for the fourth straight session on Thursday with the S&P 500 and Dow Industrials hitting record highs on China's efforts to ...

REUTERS: U.S. stocks gained for a fourth straight session on Thursday and Wall Street's main indexes hit record highs amid growing confidence in China's efforts to contain the economic fallout from the coronavirus outbreak.

The Dow Jones Industrial Average rose 92.26 points, or 0.31per cent, to 29,383.11, the S&P 500 gained 10.34 points, or 0.31per cent, to 3,345.03, and the Nasdaq Composite added 57.53 points, or 0.61per cent, to 9,566.22. "The outcome was fairly well telegraphed and I think widely believed, but it ends the chapter for now and I think that is a modest positive for investor sentiment,” Ragan said.

 

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