Stock Market Clinches Fresh Closing Records as China Says it Will Slash Tariffs on $75 Billion in U.S. Goods

U.S. stocks closed higher Thursday, seizing a fresh round of records, after the market got another shot of confidence from promised trade tariff reductions.

How did benchmarks fare?

The Dow Jones Industrial Average DJIA, +0.30% closed up 88.92 points, or 0.3%, to settle at 29,379.77, after carving out a intraday record at 29,408.05. The S&P 500 index SPX, +0.33% rose 11.09 points, or 0.3% to settle at 3,345.78. The Nasdaq Composite Index COMP, +0.67% advanced 63.47 points, or 0.7% to settle at 9,572.15. All three indexes closed at new records.