Positive momentum was observed across markets on Thursday, as the easing of trade tensions followed the confirmation of a trade agreement between Washington and London.
A 254-point increase, equivalent to 0.62%, was recorded by the Dow Jones Industrial Average, while the S&P 500 posted a slightly smaller gain of 0.58%. The Nasdaq showed stronger performance, advancing by 1.07%. Alphabet’s shares also experienced an uptick following the release of a report indicating that its search traffic remains robust, countering previous assertions by an Apple executive who claimed Safari search usage was declining amid the growing adoption of AI technologies.
For the first time since early February, Bitcoin (BTC) was observed trading above the $100,000 threshold.
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.
