Wall Street hits record high on trade optimism, FAANG rally

(Reuters) – U.S. stock indexes hit record highs at the open on Thursday after the United States and Iran pulled back from new military action, while firming optimism about a U.S.-China trade deal added to the upbeat mood.

The biggest boost to the main indexes were the FAANG group of stocks – Alphabet Inc (O:), Facebook Inc (O:), Apple Inc (O:), Amazon.com Inc (O:) and Netflix Inc (O:) – after bullish brokerage comments.

The Dow Jones Industrial Average () rose 106.88 points, or 0.37%, at the open to 28,851.97. The S&P 500 () opened higher by 12.98 points, or 0.40%, at 3,266.03. The Nasdaq Composite () gained 73.03 points, or 0.80%, to 9,202.27 at the opening bell.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.