Tech Leads U.S. Stocks to Opening-Day 2020 Rally: Markets Wrap

S&P 500, Dow, Nasdaq Composite indexes close at all-time highs
China cuts cash requirement for banks in bid to aid growth

U.S. Economy Is in Trouble, Sandler O’Neill’s Albertson SaysMarkets: European Open. (Source: Bloomberg)

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By Vildana Hajric and Claire Ballentine

January 1, 2020 at 8:59 PM UTC

Updated on

January 2, 2020 at 9:08 PM UTC

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Stocks started the year on the front foot, building on strong gains for many asset classes in 2019 as investors cheered the latest policy move by China’s central bank to support its economy. Treasuries and the dollar strengthened.