US STOCKS SNAPSHOT-S&P 500 hits record high as Trump says close to 'big deal' with China

The benchmark S&P 500 hit a record high on Thursday after President Donald Trump said in a tweet that the United States was getting very close to a "big deal" with China. The S&P 500 was up 16.28 points, or 0.52%, at 3,157.91 and the Dow Jones Industrial Average was up 140.75 points, or 0.50%, at 28,052.05.

The Nasdaq Composite was up 38.29 points, or 0.44%, at 8,692.34. U.S. stocks opened modestly lower on Thursday, weighed down by losses in Apple after Credit Suisse said iPhone shipments sharply fell in China last month, while a U.S. tariff deadline on Chinese imports loomed.

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