REUTERS: U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal rose and several brokerages boosted price targets on high-profile companies.
After a wobbly start to the new year on fears of an all-out conflict in the Middle East, nerves eased on Wednesday as Washington and Tehran looked to defuse the crisis after Iran's retaliatory attack following the killing of a top general. At 10:03 a.m. ET, the Dow Jones Industrial Average was up 115.20 points, or 0.40per cent, at 28,860.29, the S&P 500 was up 14.58 points, or 0.45per cent, at 3,267.63 and the Nasdaq Composite was up 69.25 points, or 0.76per cent, at 9,198.49.
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