Stocks rose for a fourth straight on Thursday after China announced it will halve tariffs on U.S. imports totaling about $75 billion. Strong corporate earnings results and solid economic data also gave the major indexes a boost.
The Dow Jones Industrial Average traded 102 points higher, or 0.3%, to hit a record high. The S&P 500 climbed 0.3% to a an intraday record. The Nasdaq Composite also gained 0.3%.