Wall Street continues to score fersh all-time highs

US stocks rose in early trading today, amid a recovery in Wall Street that fueled the major stocks indices to new historical highs, amid the positive news about the US-China trade talks.

Several news agencies reported the US and China have agreed to gradually eliminate the tariffs imposed on each other's goods, which could pave the way for ending their ongoing trade war.

The Chinese Ministry of Commerce stated that signing the first phase trade deal with the US will take place within weeks, and any tariffs cuts will be based on the deal. 

The US Labor Department that unemployment claims fell by 8,000 to 211,000 during the last week.

As for trading, Dow Jones surged 0.7% ot 201 points to 27,694 as of 14:54 GMT, Nasdaq climped 0.6% or 56 points to 8,466, and S&P 500 rose by 0.5% or 17 points to 3,094.