US stocks recoup losses, Nasdaq closes at new record high

Most US stocks rose on Thursday, to recoup the earlier losses hit at the session opening on mounded concerns about the deadly Chinese virus.

China revealed that the virus death toll increased to 18, and more than 600 of infected cases of the deadly virus, and have been quarantined.

The United States, Saudi Arabia, Scotland and Japan also announced the discovery of cases of this virus, but the World Health Organization reassured that there is no reason to declare a global emergency because of the virus, but it must prepare for an epidemic.

The US, Saudi Arabia, Japan, and Scotland also announced infected cases, but the World Health Organization reassured that there is no reason to declare a global emergency, but preparations must be made in case of an epidemic.

Data showed today that the US jobless claims in rose by 6K to 211K during the past week.

To the oil market, West Texas Intermediate (WTI) fell by 2% to close at $55.59 a barrel, after hitting a day high of $56.2 and a low of $54.7.

Brent fell by 1.9% to $62.04 a barrel, and hit a high of $62.65 and a low of $61.2.

As for stocks, Dow Jones dipped 0.1% or 26 points to close at 29,160, and hit an intraday high 29,190 and a low 28,966.

Nasdaq added 0.2% or 18 points to 9,402 points, with a high of 9,409 and a low of 9,334 points.

S&P 500 rose by 0.1% or 4 points to 3,325 with a high of 3,326 and a low of 3,301.