After two straight weeks of losses, major U.S. stock indexes rebounded this week. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all set new highs.
Traders were encouraged by news that China will begin cutting tariffs, a welcome sign that “phase one” of the U.S.-China trade deal is being implemented. And while the coronavirus is still spreading, and still deadly, equities markets were more focused on earnings.