Markets reached green on Thursday as trade tensions eased after confirmation of the trade agreement between Washington and London.
The Dow Jones' industrial average scored 254 points (0.62%), while the S&P 500 was slightly behind with a gain of 0.58%. Nasdaq has been outperformed, climbing 1.07%. Alphabet's shares also rose after it issued a report that it remains search traffic despite previous claims from Apple executives that Safari search usage is declining due to increased adoption of AI.
Bitcoin (BTC) was traded for over $100,000 for the first time since early February.
Trade contract “In the coming weeks”
Investors were in a buying mood as US President Donald Trump confirmed that a trade deal with the UK could be finalised “in the coming weeks.” The first agreement of this kind has encouraged optimism that an era of sudden tariffs may be temporary since the Trump administration imposed widespread tariffs on trading partners.
Boeing stocks won nearly 4%, boosted by news that the deal includes $10 billion orders for Boeing aircraft from London.
Trump also hinted at what he described as “the biggest tax cut in history,” predicting the US economy would “surge like a rocket ship.”
US Treasury Secretary Scott Bescent and trade president Jamieson Greer will be discussing trade and economic issues to meet with Swiss Chinese counterparts over the weekend.
