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 The Dow Jones Industrial Average notched its first intraday record on Thursday, putting the blue-chip index on pace for its sharpest daily gain since mid August. The Dow was trading about 265 points, or 1%, higher at 26,673, blowing past its Jan. 26 all-time high at 26,616.71 and putting the benchmark on track for its best daily advance on a point basis since Aug. 16, when the Dow added 320 points, or 1.3%, according to FactSet data. If the Dow closes at its current level it will notably represent its first closing record in about eight months. The index's rise is part of a broad-market runup in stocks, with the S&P 500 index hitting an intraday record of its own and the Nasdaq Composite Index also trading firmly higher. Investors have shaken off worries about trade spats., even as President Donald Trump earlier this week reiterated his hard-line stance on China and said the U.S. had "no choice" but to levy another $267 billion in duties on China. Instead, the buying has been supported by enthusiasm about the health of the domestic economy.
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 Oil futures turn lower Thursday after President Donald Trump in a tweet calls for the Organization of the Petroleum Exporting Countries to maintain lower crude-oil prices.
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China will not be content to only play defence in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion (£152 billion) in Chinese goods as early as Monday. The United States and China have already levied duties on $50 billion worth of each other's goods in an intensifying row that has jolted global financial markets in the past few months. Last week, the U.S. Treasury Department invited senior Chinese officials, including Vice Premier Liu He, to more talks on the tariff dispute, though scepticism remained high among trade observers on both sides over the prospects of a breakthrough.
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