Wall Street sets record closing highs as coronavirus fears subside


NEW YORK:Wall Street closed at record highs on Wednesday as news that the coronavirus outbreak could be running out of steam kept buyers in the ring.

Technology shares led the broad-based rally, which pushed all three major U.S. stock averages to fresh highs. The S&P 500 and the Nasdaq have now set closing highs for three consecutive sessions. The Dow reached its most recent closing record on Feb 6.

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