Stock Ended at Record Highs on Trade Optimism

U.S. stocks ended higher again on Thursday, with all three benchmark indexes closing at new records, following the signing of a trade truce between the U.S. and China on Wednesday and Senate approval of a new trade deal between the U.S., Mexico and Canada on Thursday. The Dow Jones Industrial Average gained 267.42 points, or 0.92%, to 29,297.64. The S&P 500 advanced 27.52 points, or 0.84%, to 3,316.81. The Nasdaq Composite added 98.44 points, or 1.06%, to 9,357.13.

Oil futures finished higher on Thursday as news of the Senate approval of the U.S.-Mexico-Canada trade agreement, along with the signing of the China-U.S. trade deal on Wednesday, boosted prospects for energy demand. West Texas Intermediate crude for February delivery rose 71 cents, or 1.2%, to settle at $58.52 a barrel. March Brent picked up 62 cents, or 1%, to end at $64.62 a barrel.

Google’s parent became the third technology company in the exclusive club, rising 0.8% to $1,450.16 a share in trading Thursday, adding about $8 billion in value on Thursday.