The Dow Jones Industrial Average rose on Thursday as investors awaited for more news on a potential trade deal between China and the U.S.
The 30-stock index traded 150 points higher, led by a 2.7% gain in Boeing. The other major indexes struggled, however, as the S&P 500 gained just 0.1% while the Nasdaq Composite teeterd along the flatline.
The Wall Street Journal reported that Donald Trump expects to announce the date of a trade summit with Chinese leader Xi Jinping later in the day, lifting market sentiment. Trump is due to meet with Chinese Vice Premier Liu He at the White House on Thursday.