Wall Street hits fresh highs on talk of trade deal signing

Wall Street's major indexes notched fresh records on Thursday, unfazed by President Donald Trump's impeachment and finding support on positive trade headlines.

...after U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January.

But as the market continues its rally, Thomson Reuters Stocks Buzz editor Terence Gabriel says it could be at risk of a pullback.

(SOUNDBITE) (ENGLISH) Thomson Reuters Stocks Buzz editor Terence Gabriel SAYING:

"We do see some indications that there may be a lot of complacency and that makes the market vulnerable to some sort of downward reversal. When we see those kinds of streaks where we see multiple days in a row of new highs or higher highs, it's great while it's going on but the fact is once we sort of recognize these streaks and we're aware of them, they may well be closer to an end. So the question is can we sustain that momentum."

Also fueling the market - data showing the number of Americans filing for unemployment benefits dropped after spiking to more than a two year high.

Meanwhile, shares of Conagra soared 17% after the maker of Hebrew National Beef franks beat quarterly sales and profit estimates.