Trade Deal Hints Ignite Wall Street: Dow Soars 300 Points!

U.S. Stocks Rise on trade Hopes and Earnings

U.S. stocks ended the day on a high note. The Dow Jones Industrial Average climbed 300 points,or about 0.75%. The S&P 500 and Nasdaq Composite also saw gains of 0.6% and 0.5%,respectively.

The market’s optimism was fueled by a statement from U.S. Commerce Secretary Howard Lutnick. He said a trade deal with an unnamed country was “done” but needed foreign approval. This was seen as a positive sign, given the uncertainty around President Trump’s trade policies.

However, the first 100 days of Trump’s new term have been tough for the markets.The S&P 500 is on track for its biggest loss in over five decades during a president’s early days in office.

Trump signed an executive order to prevent overlapping auto tariffs. This move was welcomed by automakers, who were already dealing with existing levies. General Motors, which reported better-than-expected earnings, paused its 2025 guidance and share buybacks.

Amazon shares recovered after denying plans to add tariff-related surcharges on its site. The White House had criticized this as a “unfriendly and political act.”

Earnings were a key focus. Spotify and Coca-Cola reported before the market opened, while Starbucks will report later. Honeywell’s strong earnings helped boost the Dow.

Despite the rally, economic data showed some concerns. Consumer confidence has fallen for five months in a row, and job openings are at a four-year low.

bitcoin (BTC) traded around $95,000 for most of the day.