Finance

Dow up 200, oil pops, Powell on how the Fed will fight a downturn

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.

Brendan McDermid | Reuters

This is a live blog. Check back for updates.

11:53 am: Markets at midday: Dow and S&P 500 hit record highs

The Dow Jones Industrial Average and S&P 500 reached all-time highs as Wall Street shrugged off coronavirus concerns. The 30-stock Dow was up more than 180 points, or 0.6%. The S&P 500 traded 0.5% higher. The Nasdaq Composite traded up 0.7%, just below its record high. —Imbert

11:52 am: Russia’s sovereign fund comment may be clue to OPEC+ action

As the oil market awaits a decision on OPEC+ production cuts, some analysts say comments from Russia’s sovereign…



Source cnbc.com

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