(CNBC) The Dow Jones Industrial Average and S&P 500 rose on Thursday as investors awaited for more news on a potential trade deal between China and the U.S.
The 30-stock Dow closed 166.50 points higher at 26,384.63, led by a 2.9% gain in Boeing. The S&P 500 climbed 0.2% to 2,879.39, notching its first six-day winning streak since February 2018, as the materials and energy sectors outperformed. The Nasdaq Composite, however, posted a 0.1 loss and closed at 7,891.78 as Tesla shares were under pressure.
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. CNBC later reported, however, that sticking points like enforcement mechanisms on any agreed upon deal remain an issue.
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