S&P 500 tops 3,300 on strong retail sales, Morgan Stanley results

S&P 500 tops 3,300 on strong retail sales, Morgan Stanley results

The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings.

Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. REUTERS/Brendan McDermid

NEW YORK: The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings.

The Dow Jones Industrial Average rose 267.42 points, or 0.92per cent, to 29,297.64, the S&P 500 gained 27.52 points, or 0.84per cent, to 3,316.81 and the Nasdaq Composite added 98.44 points, or 1.06per cent, to 9,357.13.

(Reporting by Noel Randewich; Editing by Sandra Maler)

Source: Reuters

Bookmark