Stocks rise for a fourth straight day, hit record highs

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Stocks rise for a fourth straight day, hit record highs
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Stocks hit record highs yet again, closing up for the 4th day in a row. The Dow traded 168 points higher, and the Nasdaq jumped 1.1%.

"This has been the thing that, personally, I've been looking for all year," said Kim Forrest, founder of Bokeh Capital, referring to the trade agreement. "Increased trade is going to allow companies to start spending again on capital expenditures. That had been frozen, and most of most of those are technology purchases.", led by a 3.4% gain in Micron Technology and a 4.1% jump in Western Digital. Goldman Sachs helped the Dow reach an all-time high, rising 1.4%.

The U.S. and China announced Friday they will move forward with a so-called phase one trade deal. As part of the agreement, the U.S. will roll back some levies on Chinese products and China will increase its purchases of U.S. agricultural products.

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