U.S. stocks soared at the open on Thursday, to kick off the first trading day of the new year. The Dow Jones Industrial Average lately rose 162.58 points, or 0.57%, to 28,701.02. The S&P 500 gained 17.20 points, or 0.53%, to 3,247.98. The Nasdaq Composite jumped 79.28 points, or 0.88%, to 9,051.88.
Oil futures were off to a mixed start for 2020 on Thursday, with crude finding a modicum of support after China’s central bank announced it would provide a further shot of stimulus to the economy. West Texas Intermediate crude for February delivery was flat at $61.06 a barrel, while Brent crude for March delivery rose 30 cents, or 0.5%, to $66.30 a barrel.
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