Dow Surges 250 Points as Bitcoin Exceeds $100K After Trump’s Advocacy for U.K. Trade Agreement

On Thursday, markets showed positive momentum as trade tensions alleviated following the announcement of an agreement between Washington and London.

The Dow Jones Industrial Average gained 254 points, equating to a 0.62% increase, while the S&P 500 saw a slight rise of 0.58%. The Nasdaq excelled with an increase of 1.07%. Alphabet’s shares also climbed after the company reported robust search traffic, contradicting earlier claims from an Apple executive about a decline in Safari usage due to the rise of AI.

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

Anticipation of a Trade Deal

Investor sentiment became optimistic after U.S. President Donald Trump revealed that a trade agreement with the United Kingdom could be finalized “in the coming weeks.” This deal—marking the first since the Trump administration’s significant tariffs on trading partners—has generated hope that the era of high tariffs may be concluding.

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

Trump also teased what he described 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.