Wall Street's main indexes hit fresh record highs on Friday, as optimism re...
- Wall Street’s main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials boosted risk appetite.
Shares in Applied Materials Inc jumped 9.3% and pushed the Philadelphia Semiconductor index .SOX to an all-time high after the chip gear maker forecast first-quarter results above estimates. White House economic adviser Larry Kudlow said late on Thursday that the world’s two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing.
“We are definitely headed in the right direction with regard to trade,” said Keith Buchanan, portfolio manager at GlobAlt in Atlanta.
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