Markets in the U.S. and U.K. climb sharply as investors welcome new transatlantic trade pact focused on industry, tech, and investment.
Stocks in both the United States and the United Kingdom rose sharply midday Thursday following the official announcement of a new U.S.-U.K. trade agreement focused on industrial collaboration, reduced tariffs, and expanded digital trade.
As of 12:15 PM Eastern Time, major U.S. indices posted significant gains (Image: Virginia Times):
- Dow Jones Industrial Average: 41,690.46 (+1.40%)
- NASDAQ Composite: 18,057.88 (+1.80%)
- S&P 500: 5,709.11 (+1.38%)
- NYSE Composite: 19,433.65 (+0.89%)
U.S. tech and industrial shares were among the top gainers, with investor sentiment buoyed by expectations of increased exports and lower input costs due to the removal of trade barriers.
U.K. markets also recorded solid gains:
- FTSE 100 (London): 8,320.10 (+1.12%)
- FTSE 250: 20,059.22 (+0.95%)
The coordinated announcement by President Donald J. Trump and Prime Minister Keir Starmer highlighted the deal’s focus on easing customs procedures, expanding digital services, and encouraging bilateral investment in electric vehicles, aerospace, and pharmaceuticals.
Market analysts credited the rally to renewed optimism over global trade stability and expectations of stronger earnings for transatlantic companies.
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