The Dow closed flat at 29,276.34. The S&P 500 advanced 0.17% to 3,357.75. The Nasdaq Composite gained 0.11% to 9,638.94. The major averages hit intraday records before retreating from those levels.

Stocks hit record levels but ongoing worries around the coronavirus kept a lid on Wall Street’s enthusiasm. Federal Reserve Chairman Jerome Powell said the central bank was “closely monitoring” the situation as well as its potential economic impact on the global economy. Under Armour, meanwhile, issued weak sales guidance for the year, citing a possible hit from the coronavirus.

T-Mobile and Sprint closed higher by 11.78% and 77.50%, respectively, after a U.S. judge approved the merger of the two companies. Under Armour, meanwhile, dropped more than 18.88%.

CVS Health and MGM Resorts are among the companies reporting earnings on Wednesday.

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Plan A : Short if market failed to support above 3350.25. Targets are 3332.25, 3320.25 and 3312.50.

Plan B : Long if market retraced but supported firm above 3338.50. Targets are 3353.25, 3365.75 and 3373.25.  

U.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday.

At around 2:15 a.m. ET, Dow futures were up 74 points and indicated an implied positive open of more than 72 points, while futures on the S&P and Nasdaq also climbed.

Traders continue to monitor the impact of the coronavirus outbreak. As of Tuesday night, China's National Health Commission had reported 97 additional deaths with total confirmed cases passing 44,000.

On the data front, U.S. job openings fell for a second straight month in December to hit their lowest level in two years, indicating that a recent acceleration in jobs growth may not be sustained, according to a Labor Department report on Tuesday. Layoffs also picked up at the end of the year, though openings remained relatively high.

Plan A : Short if market failed to support above 9573.25. Targets are 9535.25, 9504.25 and 9478.75.

Plan B : Long if market retraced but supported firm above 9528.25. Targets are 9558.25, 9575.75 and 9594.25. 

HSI

Hong Kong shares rose on Tuesday as the pace of new corona-virus infections in mainland China slowed, providing some respite to investors in the city and across the region.

The Hang Seng Index climbed 1.3% to 27,583.88 points, their highest since Jan. 24.

Plan A : Above 27932, do nothing.
Plan B : Below 27265, do nothing.
Plan C : Consider to short if market recovers but does not breach above 27932.
Plan D : Cut above 28034.
Plan E : Attempt to long if market supported firm above 27650.
Plan F : Cut below 27565.