On Thursday, financial markets saw positive gains as trade tensions diminished following the announcement of a trade agreement between Washington and London.

The Dow Jones Industrial Average increased by 254 points, or 0.62%, while the S&P 500 experienced a slight rise of 0.58%. The Nasdaq distinguished itself with a 1.07% uptick. Shares of Alphabet also rose after the company indicated that its search traffic remains strong, despite previous claims from an Apple executive regarding a decrease in Safari search usage amid the growing embrace of AI.

Bitcoin (BTC) was trading above the $100,000 mark for the first time since early February.

Trade deal ‘anticipated shortly’

Investor confidence turned optimistic after U.S. President Donald Trump revealed that a trade deal with the United Kingdom could be concluded “in the upcoming weeks.” This agreement—the first since the Trump administration’s extensive tariffs on trading partners—has generated optimism that the period of high tariffs may soon conclude.

Boeing’s stock jumped nearly 4% on news that the deal encompasses a $10 billion order for Boeing aircraft from London.

Trump also indicated what he referred to as the “largest tax cuts in history,” predicting that the U.S. economy would “soar like a rocket ship.”

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts in Switzerland this weekend to discuss trade and economic issues.