Stocks eye fresh records in thin post-Christmas trade

U.S. stocks powered higher Thursday morning, despite low trading volumes in the first session after Christmas with a number of global markets still closed for holidays.How are benchmarks performing? The Dow Jones Industrial Average DJIA, +0.19% was about 77 points, 0.3%, higher, trading near 28,591, just below a fresh intraday record. The S&P 500 SPX, +0.28% was up 11 points, 0.4%, to touch 3,235. The Nasdaq COMP, +0.47% jumped 47 points, 0.

Those comments follow remarks from President Trump, who on Christmas Eve said that the “deal is done, it’s just being translated right now.” Trump also said that he and China’s leader, Xi Jinping, would hold a signing ceremony for the partial trade resolution in January. “We’ll be having a quicker signing because we want to get it done.”

The number of people filing for unemployment benefits slid for a second straight week, the Labor Department said. Those claims had spiked in early December, but many economists believed it was because of the late Thanksgiving holiday.What stocks are in focus? Amazon AMZN, +3.16% was up 2.665 after claiming it had its best holiday sales season ever while Apple AAPL, +1.42% gained 1.455, leading the Dow higher.

Shares of two pharmaceutical companies lost more than half their value: Spring Bank SBPH, -59.83% tumbled after the company halted a hepatitis B trial and Spectrum Pharma SPPI, -57.66% also fell.

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