Now on to phase two | Goldman earnings | Target misses target

Stocks hit record highs on Wednesday following President Donald Trump's signing of a phase one trade deal.as the major indexes ended the day mixed.

VIEW IN BROWSER | SUBSCRIBE WED, JAN 15, 2020 EVENING BRIEF AS OF WED, JAN 15, 2020 • 04:04 ET DJIA 29030.83 +0.31% +91.16 S&P 500 3289.35 +0.19% +6.20 NASDAQ 9258.70 +0.08% +7.37   Most Active DOW NAME LAST CHG %CHG AAPL 311.34 -1.34 -0.43% MSFT 163.18 +1.05 +0.65% PFE 40.68 +0.61 +1.52% S&P 500 NAME LAST CHG %CHG BAC 34.67 -0.65 -1.84% GE 11.87 -0.16 -1.33% WFC 48.31 -0.99 -2.01% NASDAQ NAME LAST CHG %CHG AMD 48.55 +0.34 +0.69% AAPL 311.34 -1.34 -0.43% MU 56.17 -1.35 -2.35% EDITOR'S NOTE The "phase one" trade deal that President Donald Trump and Chinese Vice Premier Liu He signed  Wednesday hardly ends an 18-month trade war, particularly since tariffs on $250 billion in Chinese goods remain in place.   "We're leaving tariffs on," Trump said, "but I will agree to take those tariffs off if we are able to do phase two. In other words, we're negotiating with the tariffs."   At least, the signing shows the two countries coming together. It bolsters hopes that we may not see additional tariffs rocking the stock market this year. And for its part, China has agreed to buy $200 billion worth of U.S. goods over the next two years. The Dow rose to a record on Wednesday before faltering into the close. Strong earnings have put a floor under the market this week.   CNBC's Fred Imbert writes that 82% of the roughly 30 companies that have reported so far have bested analysts expectations for profits. To be sure, earnings guidance has been lowered, but Bank of America, Goldman Sachs, BlackRock, UnitedHealth and PNC Financial posted strong results Wednesday.   "We see the upcoming reporting season marking a turning point after a period of weak profit growth for US companies," wrote Mark Haefele, global chief investment officer at UBS Global Wealth Management, "one that should push equities higher this year."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rises to another record then falters as Trump signs phase one trade deal with China Trump signs 'phase one' trade deal with China as they push to stop economic conflict China trade truce is seen as 'fragile' with analysts still seeing more tariffs as a possibility Putin consolidates power as Russian government resigns House votes to send Trump impeachment articles to Senate for trial Here's what China agreed to buy from the US in the phase one trade deal Target shares plunge as holiday sales miss estimates on weakness in toys and electronics Goldman Sachs tops revenue expectations, but quarterly profit hit by $1.1 billion legal bill Bank of America beats analysts' profit estimate on rebound in bond-trading revenue Kudlow says 'tax cuts 2.0' will be unveiled later this year during Trump presidential campaign     TOP VIDEO Watch CNBC's full interview with Larry Kudlow on the 'phase one' trade deal with China   CNBC PRO Goldman Sachs is really bullish on Shake Shack, sees 80% rally because of exclusive GrubHub deal   SPECIAL REPORTS For Beyond Meat, breaching this level would be 'very, very bearish,' says analyst One stock is on its way to join Apple and Microsoft in the trillion-dollar club   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS