US STOCKS-Trade optimism, earnings power Wall St to another record high

Wall Street's main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment. Shares in Applied Materials Inc jumped 9.29% and pushed the Philadelphia Semiconductor index to an all-time high after the chip gear maker forecast first-quarter results above estimates. White House economic adviser Larry Kudlow said late on Thursday that the world's two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing.

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