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Feb. 19, 2020, 9:36 a.m. EST

Nasdaq opens at intraday record as China aims to stem coronavirus impact

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By Mark DeCambre

U.S. stock benchmarks on Wednesday opened at or near records after China launched fresh measures to support local businesses that are struggling because of the coronavirus outbreak. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.66% rose 0.5% to reach an intraday record at 9,787.74, as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.44% rose 100 points, or 0.3%, at 29,334, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.05% gained 0.4% at 3,383, just below its own intraday record. Shares of Tesla /zigman2/quotes/203558040/composite TSLA +10.78% were adding to its record rally after an analyst raised his price forecast for the electric-vehicle maker. On Wednesday, investors also appeared heartened by comments from China's Ministry of Industry and Information Technology, which said Beijing would help companies to identify weak links in supply chains, The Wall Street Journal reported.

/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,617.44
+69.69 +0.66%
Volume: 3.19M
July 10, 2020 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,075.30
+369.21 +1.44%
Volume: 337.36M
July 10, 2020 5:09p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.41B
July 10, 2020 5:09p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,544.65
+150.37 +10.78%
Volume: 23.31M
July 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$258.60 billion
Rev. per Employee
$439,627
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