The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.62%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.98%. June E-mini S&P futures (ESM25) are up +0.61%, and June E-mini Nasdaq futures (NQM25) are up +0.97%.
Stock indexes settled higher Thursday, with the S&P 500 and Nasdaq 100 climbing to 6-week highs and the Dow Jones Industrials posting a 5-week high. Stocks rose Thursday after President Trump announced a “major” trade deal with the UK, bolstering optimism the US was making headway in tariff negotiations. The announcement raised hopes that President Trump’s tariffs will be negotiated down, averting lasting economic damage to economic growth and corporate profits. Stocks rose to their highs Thursday after President Trump said investors should buy stocks now because tariffs could be lowered if US-China trade talks this weekend go well.
