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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 +1.52% gained 0.4% at 3,383, just below its own intraday record. Shares of Tesla /zigman2/quotes/203558040/composite TSLA +3.96% 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
8,144.10
+53.20 +0.66%
Volume: 2.42M
April 9, 2020 2:32p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
23,770.12
+336.55 +1.44%
Volume: 373.21M
April 9, 2020 2:32p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,791.65
+41.67 +1.52%
Volume: 2.88B
April 9, 2020 2:32p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 570.59
+21.75 +3.96%
Volume: 10.41M
April 9, 2020 2:32p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$101.20 billion
Rev. per Employee
$439,627
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