Nasdaq hits record high at open on China stimulus hopes, drop in new virus cases

February 19, 2020

(Reuters) – Nasdaq hit an all-time high at the open on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy.

The Dow Jones Industrial Average <.DJI> rose 80.51 points, or 0.28%, at the open to 29,312.70.

The S&P 500 <.SPX> opened higher by 10.10 points, or 0.30%, at 3,380.39. The Nasdaq Composite <.IXIC> gained 50.07 points, or 0.51%, to 9,782.81 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)