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Technology rally leads US stock indexes to more record highs

Posted: 4:33 PM, Jan 09, 2020
Updated: 2020-01-09 16:34:53-05
stock market

NEW YORK (AP) — A rally in big technology companies including Apple sent major U.S. stock indexes to more record highs on Wall Street Thursday.

Investors were relieved that the United States and Iran appear to be stepping away from the edge of war. The U.S. and China also sign their “Phase 1” trade deal next week.

The S&P 500 rose 21 points, or 0.7%, to 3,274.

The Dow Jones Industrial Average rose 212 points, or 0.7%, to 28,957.

The Nasdaq added 74 points, or 0.8%, to 9,203.

The yield on the 10-year Treasury note fell to 1.85%. Gold prices fell.