FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 21, 2016. REUTERS/Andrew Kelly/File Photo
(Reuters) – 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 Nasdaq Composite .IXIC 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.
Reporting by Susan Mathew in Bengaluru; Editing by Anil D’Silva