Dow, S&P 500 and Nasdaq notch record closes

U.S. stocks closed higher Wednesday, sending all three benchmark indexes to record closes. The Dow Jones Industrial Average added 274 points, 0.9%, to close at about 29,551, while the S&P 500 closed 22 points, 0.6%, higher, near 3,379. The Nasdaq Composite Index jumped 0.9%, adding about 87 points to close near 9,723. Investors were cheered by receding fears about the COVID-19 virus, the contagion that reportedly originated in Wuhan, China last year, and by buoyant corporate quarterly results. In company news, shares of Shopify Inc. (SHOP) surged nearly 10% after its fourth-quarter results came in better than analysts' expectations, while shares of Micron Technology Inc. (MU) jumped close to an all-time high after an analyst upgrade.

-Andrea Riquier; 415-439-6400;

  (END) Dow Jones Newswires
  02-12-20 1633ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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