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Stock Market Climbs as Trump Announces UK Trade Agreement, Teases More Deals; Bitcoin Surpasses $100,000 for First Time in 3 Months

Stocks increased on Thursday in response to the announcement of a trade deal between the US and the UK. President Trump indicated that additional agreements are imminent and hinted at potential tariff reductions with China.

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US equities ascend on Thursday, stimulated by the announcement of a trade pact between the USA and...
US equities ascend on Thursday, stimulated by the announcement of a trade pact between the USA and the UK. President Donald Trump hints at additional deals in the pipeline, and declares potential reductions in tariffs against China.

Stock Market Climbs as Trump Announces UK Trade Agreement, Teases More Deals; Bitcoin Surpasses $100,000 for First Time in 3 Months

Stocks soar on Thursday due to the U.S. reaching a new trade agreement with the United Kingdom. President Trump hints at a series of more deals on the horizon, and suggests tariffs on China could be lowered if talks go well.

The Dow, S&P 500, and Nasdaq each gain, with the Nasdaq reaching a 1.1% increase. Stocks rebounded from yesterday's winning session, as investors seek signs of progress on trade deals and hope for a softening of trade tariffs.

Trump announces the deal with the U.K. as "the first in a series" of agreements his administration has been working on over the last month. He also mentions that "many other deals" are in "serious stages of negotiation."

Important talks between U.S. and Chinese officials are scheduled for this weekend in Switzerland. Both countries have imposed substantial tariffs on each other, leading to concerns about product shortages and rising inflation. Trump expresses optimism about these discussions and the potential for reducing tariffs on Chinese imports.

Tech giants see their shares rise across the board. Tesla stock surges by 3%, while Alphabet and Apple shares climb 2% and 0.6%, respectively. Chipmakers like Nvidia and Broadcom also see gains.

Notable tech sector movers include AppLovin, ARM Holdings, Strategy, and Coinbase Global. AppLovin's shares jump after announcing the sale of its mobile game business and strong quarterly earnings. ARM Holdings tumbles following a disappointing outlook, while Crypto-related stocks surge as the price of bitcoin breaches $100,000.

Gold futures drop 2.4%, while West Texas Intermediate futures climb 3.8%. The yield on the 10-year Treasury note rises, affecting mortgage rates. The U.S. dollar index pierces a one-month high.

Some S&P 500 movers for the day include Axon Enterprise, Epam Systems, Enphase Energy, Match Group, and Fortinet. Axon Enterprise sees the largest gain of any S&P 500 stock, while Match Group experiences the weakest performance.

AppLovin reaps Thursday's success after announcing the sale of its mobile game business and strong Q1 earnings. As the stock soars, investors should watch crucial overhead areas on AppLovin's chart around $352, $525, and $940.

D-Wave Quantum stock spikes after reporting a 509% surge in revenue and a narrower loss in the first quarter. The company recently demonstrated "quantum supremacy" over classical computing in a peer-reviewed paper published in Science. Meanwhile, quantum stocks have been volatile amid speculative trading.

Warner Bros. Discovery shares rise on speculation about a potential split, with an "announcement in the not-too-distant future" possibly on the horizon. Comcast earlier announced its intention to spin off its cable TV networks.

  1. The market cap of Bitcoin skyrocketed as it breached the $100,000 mark, leading to a surge in crypto-related stocks.
  2. Technical analysis plays a crucial role in predicting the trendline of Bitcoin and other crypto assets, guiding traders on potential average returns.
  3. Crypto exchanges have been witnessing frenzied trading activities due to the strong market sentiment surrounding Bitcoin and other tokens.
  4. Optimism around the U.S.-China trade negotiations has also affected the tech sector, with tech giants like Tesla, Alphabet, and Apple seeing their shares rise.
  5. In the finance world, ETFs are expected to make an entry into the crypto market, potentially diversifying investment portfolios and institutional participation.
  6. As cryptocurrencies gain prominence, concerns about cybersecurity have become increasingly important for investors, businesses, and technology companies.
  7. The consensus among analysts is that the crypto market is still in its early stages, offering unique opportunities for both short-term trading and long-term investing.
  8. In today's business landscape, sports teams and leagues are exploring various tokenization strategies, aiming to create new revenue streams and fan engagement models.
  9. Negotiations between U.S. and Chinese officials to lower tariffs on Chinese imports could lead to a softening of the trade war, potentially boosting global business and technology growth.
  10. FUD (Fear, Uncertainty, and Doubt) remains a factor in the crypto market, swaying the decisions of investors, causing volatility, and impacting the overall market sentiment.

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