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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
by cmdtyNewswires - Wed Jan 22, 4:10PM CST
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.
Michael Liedtke - AP - Wed Jan 22, 6:44PM CST
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.
Rachel Lerman - AP - Wed Jan 22, 6:29PM CST
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.
Matthew Brown - AP - Wed Jan 22, 6:26PM CST
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.
AP - Wed Jan 22, 5:30PM CST
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.
Associated Press - 43 minutes ago 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.
Associated Press - 1 hour ago 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.
Associated Press - Wed Jan 22, 7:00PM CST Sectors sorted by Daily Weighted Alpha Change
