U.S. stock indexes on Wednesday opened solidly higher, contributing to a multiday rally that has been at least partly underpinned by continued hope that trade talks between U.S. and China, which were drawing to a close. The Dow Jones Industrial Average climbed 151 points, or 0.6%, at 23,939, with the index on pace for its third gain in a row, which would represent its longest string of gains since early November, according to FactSet data. The S&P 500 index advanced 0.4% at 2,585, putting the broad-market benchmark on pace to notch its lengthiest streak of gains since the five-session period ended Sept. 14. The Nasdaq Composite index also was climbing, up 0.7% at 6,940. The technology and internet-heavy gauge has climbed in nine of the past 10 sessions. In corporate news, investors were watching shares of Amazon.com Inc. (AMZN) after Jeff Bezos, one the richest men in the world, announced that he was divorcing his wife. Shares of Apple Inc. (AAPL) were also in focus after reports indicated that the tech giant was planning to cut iPhone production by 10% this quarter.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 09, 2019 09:37 ET (14:37 GMT)
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