Indexes hit new highs on strong U.S., China economic data

Indexes hit new highs on strong U.S., China economic data

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Wall Street’s major indexes climbed to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.

The Dow Jones Industrial Average .DJI rose 49.44 points, or 0.17%, to 29,347.08, the S&P 500 .SPX gained 12.6 points, or 0.38%, to 3,329.41 and the Nasdaq Composite .IXIC added 31.81 points, or 0.34%, to 9,388.94.

Reporting by Noel Randewich; Editing by Chris Reese

Related posts