Green indicators were being displayed across markets on Thursday after a confirmation of a trade deal between Washington and London led to an easing of trade tensions.An increase of 254 points, or 0.62%, was recorded by the Dow Jones Industrial Average, while the S&P 500 followed with a slightly smaller gain of 0.58%.
The Nasdaq performed more strongly, rising by 1.07%. Alphabet’s stock also experienced a boost after the company released a report indicating that its search traffic remains robust, countering earlier claims by an Apple executive that Safari’s search activity is declining amid growing AI usage.
Bitcoin (BTC) was observed trading above the $100,000 threshold for the first time since the beginning of February.
Trade Agreement Expected ‘In the Coming Weeks’
A buying sentiment was displayed by investors after U.S. President Donald Trump confirmed that a trade agreement with the United Kingdom could be finalized “in the coming weeks.” The deal—marking the first of its kind since broad tariffs were imposed on trading partners by the Trump administration—has sparked optimism that the period of high tariffs may prove to be temporary.
Boeing’s stock was lifted by nearly 4%, driven by news that the trade agreement includes a $10 billion order for its aircraft placed by London.
What were described by Trump as the “biggest tax cuts in history” were also hinted at, with a prediction made that the U.S. economy would “soar like a rocket ship.”
Meetings are scheduled to take place over the weekend in Switzerland between U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and their Chinese counterparts to address trade and economic matters.
