U.S. stocks rose after the United States and United Kingdom announced a deal on trade that would lower some tariffs and restrictions between the two countries.
The S&P 500 climbed 0.6 percent Thursday, marking its 11th gain in the last 13 days. The Dow Jones Industrial Average added 0.6 percent, and the Nasdaq composite gained 1.1 percent.
Stocks got a boost after President Donald Trump gave potentially encouraging updates on upcoming talks with China, but some of the gains faded late in the day. Bitcoin jumped above $101,000, crude oil prices climbed and the price of gold eased back as investors felt less need for safety.
On Thursday:
The S&P 500 rose 32.66 points, or 0.6 percent, to 5,663.94.
The Dow Jones Industrial Average rose 254.48 points, or 0.6 percent, to 41,368.45.
The Nasdaq composite rose 189.98 points, or 1.1 percent, to 17,928.14.
The Russell 2000 index of smaller companies rose 36.75 points, or 1.8 percent, to 2,026.41.
For the week:
The S&P 500 is down 22.73 points, or 0.4 percent.
The Dow is up 51.02 points, or 0.1 percent.
The Nasdaq is down 49.59 or 0.3 percent.
The Russell 2000 is up 5.68 points, or 0.3 percent.
For the year:
The S&P 500 is down 217.69 points, or 3.7 percent.
The Dow is down 1,175.77 points, or 2.8 percent.
The Nasdaq is down 1,382.65 or 7.2 percent.
The Russell 2000 is down 203.74 points, or 9.1 percent.
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