The S&P 500 and Nasdaq Composite Index rallied to close at records Wednesday, erasing the losses sparked by reaction to China’s coronavirus outbreak. Investors have cheered quarterly earnings and growth projections from the world’s largest companies in recent days, as well as signs that the manufacturing sector in both the U.S. and Europe may be stabilizing. Concerns about the deadly virus have faded in the absence of immediate signs that the disruption to businesses in China could affect other nations.

Source: Wall Street Journal February 05, 2020 10:54 UTC