Stocks Ended at Record Highs, Dow Jumped over 330 Points

U.S. stocks closed at record highs on Thursday, with tech leading the charge, to kick off the first trading day of the new year. The Dow Jones Industrial Average rose 330.36 points, or 1.16%, to 28,868.80. The S&P 500 gained 27.07 points, or 0.84%, to 3,257.85. The Nasdaq Composite jumped 119.58 points, or 1.33%, to 9,092.19.

Oil futures started 2020 with a modest gain on Thursday, as traders eyed developments in the Middle East and weighed prospects for crude supply disruptions in the region. West Texas Intermediate crude for February delivery tacked on 12 cents, or 0.2%, to settle at $61.18 a barrel, while Brent crude for March delivery rose 25 cents, or 0.4%, to $66.25 a barrel.