US Stocks Extend Record Rally as EU Cites Progress on Trade Deal

The record-breaking advance in US equities continued on Wednesday on reports of progress toward a trade pact with the European Union and as President Donald Trump reached a deal with Japan.

The S&P 500 Index posted a 0.8% gain and closed at a historic high, while the tech-heavy Nasdaq 100 Index finished up 0.4%, with chipmakers weighing on the benchmark.