Wall St set to resume record run on trade deal optimism – Moneyweb

Wall Street’s main indexes were set to hit record highs on Thursday, boosted by signs of progress in US-China trade relations and a fresh batch of largely upbeat earnings reports.

The benchmark S&P 500 index is eyeing its fifth straight week of increases, while the tech-heavy Nasdaq is set to log six weeks of gains.

China said on Thursday that it had agreed with the United States to remove tariffs in phases, while the state-owned Xinhua News Agency said Beijing was also considering removing restrictions on poultry imports.

“This is fuelling optimism that a trade deal will be…