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

FAN Editor
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 9, 2020. REUTERS/Brendan McDermid

January 17, 2020

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)

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