Major benchmarks set records as investors considered positive earnings reports and encouraging signs of a trade agreement with China. The Dow Jones Industrial Average (DJINDICES: ^DJI) closed above 28,000 for the first time and the S&P 500 (SNPINDEX: ^GSPC) set a record as well. Healthcare and technology led the market higher.
Data source: Yahoo! Finance.
As for individual stocks, two semiconductor companies reported strong results, but investors were more interested in their outlooks for next quarter. NVIDIA (NASDAQ: NVDA) gave conservative guidance, but Applied Materials (NASDAQ: AMAT) sees signs of a semiconductor recovery.