Key Takeaways The U.S. and U.K. announced a trade deal framework on Thursday, boosting Wall Street's hopes for more deals to come. U.S. and Chinese officials are scheduled to meet in Switzerland this weekend to hold their first talks since the beginning of a tit-for-tat trade war that White House officials have compared to an embargo.

US stocks climbed Thursday to touch the highest level in more than a month as investors welcomed news of a trade agreement between the US and the UK, as well as encouraging comments from President Donald Trump on the tariffs faced by China ahead of talks that are set to start this weekend.

President Donald Trump said the trade agreement with the UK would eliminate many tariffs that "unfairly discriminated against American products."