US stocks open higher, Nasdaq jumps to all-time high

US stocks opened on Friday higher, and Nasdaq hit a fresh record amid strong surge in the technology sector due to upbeat corporate earning reports.

Markets remained focused on the deadly Chinese coronavirus, as its death toll rose to 25 victims, and more than 800 were infected in China.

The World Health Organization reassured yesterday that there is no reason to declare a global emergency due to the Chinese virus, despite confirmed cases in the US, Saudi Arabia, Japan and Scotland.

Intel reported strong business results yesterday, with more than expected earnings and revenues in the last quarter of 2019.

As for stocks, Dow Jones rose by 0.3% or 78 points to 29,238 as of 15:12 GMT, Nasdaq added 0.3% or 27 points to 9,429, and S&P 500 rose by 0.1% or 2 points to 3,327.