U.S. stocks registered a third straight day of gains, with investors attributing the exuberance partly to hope for a coronvirus cure and to upbeat economic data. The Dow Jones Industrial Average DJIA, +1.68% surged about 484 points, 1.7%, to about 29,290, while the S&P 500 SPX, +1.13% added 37 points or 1.1%, closing at a record 3,335. The Nasdaq Composite Index COMP, +0.43% also finished at an all-time high, closing near 9,509, about 41 points or 0.4%. The Dow was boosted by a 5% gain in shares of IBM Corp. IBM, +4.84%.
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February 06, 2020 at 04:08AM
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Dow books nearly 500-point gain as S&P 500 and Nasdaq close at records - MarketWatch
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