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Tech companies lead US stock rally following global gains

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MARKETS: Tech companies and banks lead a broad rally for U.S. stocks, as China took more steps to soften the financial impact of the coronavirus outbreak.

News headlines today: Feb. 3, 2020NEW YORK -- as China took more steps to soften the financial impact of the virus outbreak.because of ties to supply chains and sales. Apple rose 3.5% and chipmaker Nvidia climbed 2.9%.

KEEPING SCORE: The S&P 500 index rose 1.7% as of 11:41 a.m. Eastern time. The Dow Jones Industrial Average rose 486 points, or 1.7%, to 28,886. The Nasdaq rose 2%. The Russell 2000 index of smaller company stocks rose 1.5%. Yields for short-term Treasurys are rarely higher than for longer-term Treasurys, and when it does happen, a rule of thumb says a recession may be on the way in about a year or so. This recession warning signal, which has a fairly accurate but not perfect history, had begun flashing in recent days on worries about the virus for the first time since October.

 

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Chinese Tech Stocks are on FIRE! Impressive.

Might wanna mention how much the US fed is pumping into the stock market.

after the sotu address, Wed 2/5 stock market crash....

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