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 boosted risk appetite.
Shares in Applied Materials Inc jumped 9.
3% and pushed the Philadelphia Semiconductor index to an all-time high after the chip gear maker forecast first-quarter results above estimates.
Nine of the 11 major S&P 500 sectors were higher. Healthcare shares gained 1.3% and provided the biggest boost followed by the trade-sensitive.