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Wall Street hits record high on trade optimism, FAANG rally

The biggest boost to the main indexes were the FAANG group of stocks - Alphabet Inc, Facebook Inc, Apple Inc, Amazon.com Inc and Netflix Inc - after bullish brokerage comments.

January 09, 2020 / 09:10 PM IST

US stock indexes hit record highs at the open on January 9 after the United States and Iran pulled back from new military action, while firming optimism about a US-China trade deal added to the upbeat mood.


The biggest boost to the main indexes were the FAANG group of stocks - Alphabet Inc, Facebook Inc, Apple Inc, Amazon.com Inc and Netflix Inc - after bullish brokerage comments.

The Dow Jones Industrial Average rose 106.88 points, or 0.37%, at the open to 28,851.97. The S&P 500 opened higher by 12.98 points, or 0.40%, at 3,266.03. The Nasdaq Composite gained 73.03 points, or 0.80%, to 9,202.27 at the opening bell.

Reuters

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