U.S.-UK Trade Deal Lifts Dow by 250 Points; Boeing, Bitcoin, and Robinhood Surge

The U.S. stock market closed higher on Thursday as the Dow Jones Industrial Average climbed 250 points, thanks to a new trade agreement between the U.S. and the U.K. The deal helped ease concerns over potential tariffs and gave a boost to major companies like Boeing, which jumped 3.4% on the news.

Boeing Gains Altitude

Boeing was one of the top gainers, benefiting from news that the company could receive $10 billion in new aircraft orders from the U.K. The stock hit a high of $194.75, extending beyond its recent buy point of $184.40, signaling strong investor confidence.

Bitcoin Blasts Past $100,000

In the crypto market, Bitcoin made headlines by crossing the $100,000 mark, its highest level yet. Investors see this as a sign of growing interest in digital currencies. MicroStrategy and Grayscale Bitcoin ETF both gained over 5% as a result of Bitcoin’s rally.

Duncan Moir, President of 21Shares, said Bitcoin’s breakout is “a strong sign that crypto is entering a new era” and being taken more seriously as a store of value.

Nasdaq, S&P 500 Join the Party

The Nasdaq composite rose 1.1%, while the S&P 500 gained 0.6%, reaching its highest level since late March. Even the Russell 2000, which tracks small-cap stocks, jumped 1.9%, outpacing larger indexes.

Trading volume was strong — up 7% on Nasdaq and 13% on the NYSE — reflecting solid buying interest across sectors.

Breakouts and Earnings Winners

• Axon Enterprise, known for its Taser devices, surged 14% after reporting strong earnings.

• Toast, a restaurant tech company, rose 2.9% and approached a technical breakout point.

• Robinhood jumped 7% after breaking through a key resistance level near $51.

• AppLovin soared 13% thanks to a 149% spike in quarterly profit.

However, not all stocks performed well. Indian companies like MakeMyTrip and ICICI Bank declined due to regional tensions between India and Pakistan.

Economic Indicators: Labor Market Remains Strong

Weekly jobless claims fell slightly to 228,000, suggesting the U.S. labor market is holding steady. The unemployment rate remains at 4.2%, with some signs of slower re-employment for job seekers.

Jim Baird, CIO at Plante Moran, noted that while continuing claims are up from a year ago, the overall job market remains “solid.”

Sector Watch: Where Investors Are Buying

While tech stocks were relatively quiet, other sectors like:

• Airlines

• Automakers

• Security

• Oil and gas equipment

• Agriculture

…led the charge with 4%+ gains.

One standout was fintech firm Dave, which rocketed over 40% to a new 52-week high after reporting a 47% increase in revenue and a quadrupling of profits.

Other Notable Movers

• Charles Schwab and StoneX rose, showing strength in the brokerage sector.

• Fortinet, a cybersecurity stock, fell 10% despite being a previous leader.

Key Market Trends

• The Dow reclaimed its 50-day moving average — a bullish technical signal.

• The Nasdaq moved closer to its 200-day moving average.

• Investors showed a “risk-on” attitude, rotating money from bonds into stocks. The 10-year Treasury yield rose to 4.3%.