REUTERS: Wall Street's main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
White House economic adviser Larry Kudlow said late on Thursday that the world's two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing. "We are definitely headed in the right direction with regard to trade," said Keith Buchanan, portfolio manager at GlobAlt in Atlanta."Although there was some skittishness ... the equity market hasn't shown much of a pull back and we are still making those highs."
At 11:29 a.m. ET the Dow Jones Industrial Average was up 155.78 points, or 0.56per cent, at 27,937.74, the S&P 500 was up 18.44 points, or 0.60per cent, at 3,115.07 and the Nasdaq Composite was up 55.36 points, or 0.65per cent, at 8,534.38.But Nvidia Corp fell 1.7per cent as the company said it expects its gaming chip business to be impacted by seasonal weakness in the fourth quarter.
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