Market Rally: S&P 500 and Nasdaq Break Records Amid Trade Deal Optimism
The S&P 500 and Nasdaq hit record highs as positive corporate earnings and progress in U.S. tariff negotiations buoyed market sentiment. Despite a dip in the Dow, Treasury yields rose, and both U.S. and European equities remained strong. Trade deals with Japan and potential agreements with the EU reduced global economic uncertainty.
The S&P 500 and the Nasdaq surged to record highs on Thursday, reflecting growing investor confidence amid a flurry of positive corporate earnings and ongoing progress in tariff negotiations between the U.S. and its trading partners. Meanwhile, the Dow saw a slight decline.
With prospects bright for trade agreements, U.S. Treasury yields edged higher, and global stocks reached unprecedented levels. The European Union indicated that a trade agreement with the U.S. was imminent, echoing a similar arrangement with Japan. European and Asian markets also showed strong performances.
Gold prices tumbled as investors opted for riskier assets in light of easing trade tensions, while oil prices rebounded due to anticipated reductions in Russian supply and optimistic trade discussions. The Federal Reserve is expected to maintain interest rates, amid recent comments from President Trump and upcoming policy meetings.
(With inputs from agencies.)
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