US stocks hold steadily near all-time highs

Economies.com
2020-02-20 15:22PM UTC

The major US stock indices held steadily on Thursday, as global markets focused on the latest developments of the coronavirus health crisis and its economic impact.

 

The minutes of the latest Federal Reserve's meeting in January showed yesterday that the FOMC members were confident in the US economic growth rate, as they prefer to hold rates for a prolonged period of time.

 

However, the Fed warned of the short-term risk and the economic impact of the coronavirus outbreak on global markets.

 

Data showed today that the jobless claims in the US rose by 4,000, to 210,000 during the past week.

 

The Chinese health authorities revealed today that coronavirus has infected 74,000 cases, and its death toll rose to 2,160 victims.

 

As for stocks, Dow Jones rose 0.1% or 5 points to 29,353 at 15:19 GMT, and S&P 500 rose 0.1% or 2 points to 3,388, while Nasdaq lost 0.1% or 6 points to 9,811.

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