US stocks trades higher. S&P index trades at record levels.

The major stock indices are trading higher in early US trading. China’s stimulus measures this week have helped to advance stocks.

• AliBaba the is trading up 7.44%
• PDD Holdings is trading up 10.80%
• JD.com is trading up 12.32%
• Baidu is up 9.37%
• iShare MSCI and ETF is trading up 8.09%

A snapshot of the US indices is currently showing:

• Dow industrial average up to 28.05 points or 0.54% at 42142.80. The all-time high price extended to 42299.64 earlier this week
• S&P index is trading up 36.09 points or 0.63% at 5758.35. It reached a new intraday high of 5767.37 today
• NASDAQ index is up 191.27 points or 1.06% at 18273.48. The NASDAQ index is within around 2.25% of all-time record high

The small-cap Russell 2000 index is up 24.93 points or 1.13% at 2222.38

This article was written by Greg Michalowski at www.forexlive.com.