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Wed, Jan 22nd, 2020
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S&P 500 and Nasdaq 100 Post New Record Highs as China Virus Concerns Ease


The S&P 500 Index ($SPX) on Wednesday closed up +0.03%, the Dow Jones Industrials Index ($DOWI) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) closed up +0.24%.

U.S. stock indexes closed mostly higher Wednesday with the S&P 500 and Nasdaq 100 at new record highs. Stocks on Wednesday recovered from Tuesday's losses after China said it will take steps to contain the deadly coronavirus that spread beyond China's borders to Japan, South Korea, Thailand, and the United States.

The Chinese government said on Wednesday it will start a nationwide screening effort to contain the outbreak of the deadly coronavirus that has spread throughout China. The Chinese city of Wuhan, where the outbreak of the coronavirus started, said on Wednesday that it has suspended outbound flights and rail service from the city. Wuhan also suspended travel by bus, subway and ferry and said that citizens should not leave the city without special reasons, according to China's state broadcaster CC... Read more

California governor aims to block PG&E's bankruptcy plan

SAN FRANCISCO (AP) — California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation.

PCG : 12.54 (-5.22%)
Why tech has been slow to fight wildfires, extreme weather

SAN FRANCISCO (AP) — For three years running, California’s wildfires have sent plumes of smoke across Silicon Valley. So far, though, that hasn't spurred much tech innovation aimed at addressing extreme-weather disasters associated with climate change.

Trump administration approves Keystone pipeline on US land

BILLINGS, Mont. (AP) — The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom.

Obscure Seattle election offers experiment in online voting

SEATTLE (AP) — An election for a volunteer board in the Seattle area is so obscure that voter turnout is typically less than 1%. Officials are giving online voting a trial run this year to try to boost turnout and explore how it might work in a bigger election.

Japan has second straight year of red ink on trade last year

TOKYO (AP) — Japan has had the second straight year of red ink in trade for last year, hurt by a slowdown of demand in China, according to government data released Thursday.

Amtrak ends policy resulting in $25,000 bill for activists

CHICAGO (AP) — Amtrak announced Wednesday the suspension of a pricing policy that resulted in a $25,000 travel bill for a group of wheelchair-bound activists heading to Bloomington-Normal, Illinois from Chicago for a conference and rally on disability rights.

Ex-pharma CEO gets over 2 years in prison for bribery scheme

BOSTON (AP) — The former head of a drug company was sentenced Wednesday to two and a half years in federal prison in a that prosecutors say helped fuel the opioid crisis.

52 Week New Highs & Lows

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Today's New Highs & Lows

HIGHS LOWS DIFF
5-Day 1,259 1,384 -125
1-Month 874 618 256
3-Month 600 166 434
6-Month 452 71 381
52-Week 357 57 300
YTD 935 727 208

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Market Momentum

NYSE AMEX NASDAQ
Issues Up 850 80 1,139
Issues Down 1,036 113 1,404
Issues Unch 53 15 84

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