Eddie Ghabour returns…Stocks are roaring to begin 2020. All three of the major averages are off to a strong start to the new year, trading higher by at least 0.5 percent, with the Nasdaq Composite and S&P 500 reaching fresh highs. The early gains come on the heels of the People’s Bank of China saying it would cut its reserve requirement ratio by 50 basis points, lowering the amount of money banks are required to keep on hand. The benchmark S&P gained 28.9 percent last year while the Dow Jones Industrial Average and Nasdaq Composite rallied 35.2 percent and 22.3 percent, respectively.
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