Nasdaq hits record high on Intel strength

(Reuters) - The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.

The Dow Jones Industrial Average <.DJI> rose 70.30 points, or 0.24%, at the open to 29,230.39. The S&P 500 <.SPX> opened higher by 7.56 points, or 0.23%, at 3,333.10. The Nasdaq Composite <.IXIC> gained 43.73 points, or 0.47%, to 9,446.21 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

01/24/2020 14:41

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