U.S. stocks rose Thursday, hitting new intraday highs, as investors shifted focus to corporate earnings for cues on the health of the economy after an initial U.S.-China trade deal was sealed.
“Over the past year, the uncertainty and the concern over what was going on between the U.S. and China was driving headlines that were absolutely coming into the markets,” said Terri Spath, chief investment officer at Sierra Investment Management. “The fact that there’s productive motions forward, and that is now confirmed, is certainly taking away that risk that was weighing on the market.”
