U.S. stocks advance with Dow, S&P 500 hitting record highs

NEW YORK, Jan. 19 (Xinhua) -- U.S. stocks ended higher on Friday, pushing the S&P 500 and the Dow to new heights, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates this year.

The Dow Jones Industrial Average rose 395.19 points, or 1.05 percent, to 37,863.8, breaking its own record at the end of last year. The S&P 500 added 58.87 points, or 1.23 percent, to 4,839.81, surpassing the prior intraday record of 4,818.62, which was set in January 2022. The Nasdaq Composite Index increased by 255.32 points, or 1.70 percent, to 15,310.97.