Nasdaq hits record high on Intel strength

(Reuters) – The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel (NASDAQ:) and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.

The Dow Jones Industrial Average () rose 70.30 points, or 0.24%, at the open to 29,230.39. The S&P 500 () opened higher by 7.56 points, or 0.23%, at 3,333.10. The Nasdaq Composite () gained 43.73 points, or 0.47%, to 9,446.21 at the opening bell.

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