Stocks hold on to most of the day's gains

Stocks ended higher on Thursday Street following hopes that China and the U.S. are getting closer to a trade deal. (MGN)
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NEW YORK (AP) Stocks ended higher on Thursday Street following hopes that China and the U.S. are getting closer to a trade deal.

The Dow Jones industrials and the S&P 500 ended at record highs again Thursday, but they would have been even higher if not for a late-afternoon report saying a proposed rollback of tariffs was facing stiff opposition in the White House.

Technology companies led the way higher.

Qualcomm soared 6.3% after turning in strong quarterly results.

Gold prices fell as traders embraced riskier assets.

The S&P 500 rose 8 points, or 0.3%, to 3,085.

The Dow Jones Industrial Average climbed 182 points, or 0.7%, to 27,674.

The Nasdaq added 23 points, or 0.3%, to 8,434.

Bond prices fell sharply.

The yield on the 10-year Treasury rose to 1.92%.