Wall Street hits record high on optimism about US-China deal, FAANG rally

US stocks hit record highs on Thursday as Middle East tensions eased, optimism about a US-China trade deal rose and several brokerages boosted price targets on high-profile companies. The biggest boost to the main indexes were the FAANG group of stocks - Alphabet Inc, Facebook Inc, Apple Inc, Amazon.

com Inc and Netflix Inc - after bullish brokerage comments. Apple gained on twin support from data showing iPhone sales jumped more than 18% in China in December as well as a price target hike by Jefferies on exceptions of a.

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