FX.co ★ US Stocks Extend Gains

On Thursday, US stocks experienced further gains, driven by anticipations of reduced tariffs on major trading partners, which ignited a risk-on rally in the US capital markets. The S&P 500 and the Nasdaq 100 each surged by over 1.5%, overcoming losses from "Liberation Day" and achieving their highest levels since March, while the Dow climbed more than 600 points. President Trump revealed a trade agreement with the UK that preserved existing tariffs but hinted at fewer restrictions on US exports moving forward. The stock market gained momentum after the President acknowledged the potential for lowering tariffs on China, following the commencement of negotiations this upcoming weekend. Tech stocks saw significant increases, with Tesla rising by over 4% and Palantir surging 7.5% to recover from the previous day's decline. Apple and Alphabet also showed gains, partially bouncing back from the prior session's downturn. Conversely, Arm saw a 5% drop after issuing a pessimistic outlook, and Eli Lilly fell more than 3% amid widespread losses in the healthcare sector across Europe and North America.