U.S. stocks tagged record highs during a signing ceremony for the historic phase one trade deal between the U.S. and China.

All three of the major averages were trading in record territory with the Dow Jones Industrial Average leading the advance.

“This officially removes an overhang that has plagued technology names for the last year, with the poster child Apple and semiconductor stocks front and center,” wrote Dan Ives, managing director at the Los Angeles-based investment bank Wedbush Securities.

Big-tech names like the iPhone maker as well as Microsoft and Alphabet, Google's parent, all jumped on the news. Read more at FOX Business