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Nov. 15, 2019, 9:34 a.m. EST

Stocks set all-time highs at opening bell on U.S.-China trade hopes

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By Sunny Oh

U.S. stocks were tugged higher on Friday following comments by White House officials that talks toward a U.S.-China phase one trade deal were entering their final stages. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% was up 0.4% to around 3,109. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.10% advanced 106 points, or 0.4%, to 27,888. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.07% rose 0.5% to 8,524. All three equity benchmarks hit all-time intraday records on Friday. White House economic adviser Larry Kudlow said that trade negotiations were in their "short strokes." Expectations for the partial agreement to be signed soon have waned in recent days following news reports that have pointed to snags between U.S. and Chinese negotiators over issues like farm good purchases. U.S. retail sales jumped 0.3% in October, from a 0.3% decline in September. Shares of Applied Materials, Inc. /zigman2/quotes/209393259/composite AMAT +0.04% jumped after the chip-equipment company topped analyst expectations.

/zigman2/quotes/210599714/realtime
US : S&P US
3,132.52
-3.44 -0.11%
Volume: 1.66B
Dec. 10, 2019 5:12p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,881.72
-27.88 -0.10%
Volume: 215.81M
Dec. 10, 2019 5:12p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,616.18
-5.64 -0.07%
Volume: 1.89M
Dec. 10, 2019 5:16p
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/zigman2/quotes/209393259/composite
US : U.S.: Nasdaq
$ 56.62
+0.02 +0.04%
Volume: 6.33M
Dec. 10, 2019 4:00p
P/E Ratio
19.80
Dividend Yield
1.48%
Market Cap
$52.28 billion
Rev. per Employee
$800,095
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