Dow jumps more than 250 points to record high as Apple rises and trade-war fears simmer down

The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index.

The Dow jumped 258 points as Boeing, Caterpillar and Apple rose. The S&P 500 also rose 0.8 percent to an all-time high, its first since late August, as materials and tech outperformed.

President Donald Trump touted the S&P 500's record in a tweet, saying "Congrats USA!"