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OPU.S. stocks surged after President Trump announced a trade deal with the UK and expressed optimism about upcoming talks with China, easing concerns over the global trade war.
The Nasdaq rose 1.8%, the S&P 500 gained 1.4%, and the Dow jumped over 500 points. The agreement is expected to boost U.S. exports, with some tariffs on UK goods reduced.
Trump hinted at further trade negotiations and potential tariff cuts with China, signaling a shift toward dealmaking. He also encouraged investors to buy stocks, citing favorable conditions from trade progress and a new tax bill.
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