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The Dow Jones Industrial Average surged to its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index.
The blue chips surged 251.22 points, or 1%, to 26,656.98, as Boeing, Caterpillar and Apple all rose.
The S&P 500 popped 19.88 points to 2,930.75, an all-time high, its first since late August, as materials, consumer staples and tech outperformed.
The NASDAQ jumped 78.19 points, or 1%, to 8,028.23, as Amazon also gained 1% as the company unveiled several Alexa-powered devices, including a microwave. Apple, meanwhile, closed 0.8% higher.
Boeing took on 0.6%, and Caterpillar, another bellwether for trade, rose 2.2%.
As tensions between the two largest economies in the world slap tariffs on each other's goods, the Chinese commerce ministry said Thursday the country hopes the U.S. will take steps to correct its behavior.
General Electric shares fell 3.1% after an analyst at J.P. Morgan slashed his price target on the company to $10 from $11. The analyst noted he expects "weaker results at power and some franchise value impact."
Nvidia slipped 2.1% after analysts at Morgan Stanley called the company's new gaming card disappointing.
Disney's stock rose 1.7% after ESPN announced its video streaming service reached more than one million paid subscribers in five months.
Prices for the benchmark for the 10-year U.S. Treasury inched up, lowering yields to 3.07% from Wednesday’s 3.08%. Treasury prices and yields move in opposite directions.
Oil prices dipped 35 cents to $70.77 U.S. a barrel.
Gold prices strengthened $3.60 to $1,211.90 U.S. an ounce.
