Merchants work on the New York Stock Exchange prosecution on February 13, 2025.
Danielle Devries | CNBC
Stock-up contracts have negotiated near the flatline on Thursday, investors hoping that the framework of the US trade agreement in the United Kingdom is the start of more future progress.
Future linked to Industrial average Dow Jones fell by 52 points, or 0.1%. Nasdaq 100 Futres slipped 0.08%, while Future S&P 500 were shifted by about 0.1%.
President Donald Trump announced a preliminary trade agreement on Thursday with the United Kingdom, which is the first agreement between the United States and a global trade partner since Trump’s “reciprocal” price announcement last month. The details have not yet been finalized, but Trump said that a 10% reference rate will remain in place in the United Kingdom
“While trade with the United Kingdom turns out to trade with our neighbors in the north and south, and especially compared to China, this is an important case and a model for what could be accomplished,” said Chris Zaccarelli, director of investments at Northlight Asset Management.
“If the administration can follow this with additional agreements, it would greatly help to cure a stock market that has been beaten and bruised this year,” he added.
Trump also noted that the rate of 10% represents the lower end of what other countries can expect and have noted “some will be much higher because they have massive trade surpluses”.
The shares have reached their session summit after Trump said that he was planning that US negotiators have a “good weekend” with China in the opening of commercial negotiations. The major averages ended the day of the summits, Dow making 0.6% progress and the S&P 500 adding almost 0.6%. THE Nasdaq Composite climbed approximately 1.1%.
The secretary of the Treasury Scott Bessent and the US trade representative Jamieson Greer should meet their Chinese counterparts in Switzerland during the weekend. Trump left his 145% price on unchanged China despite a 90 -day break at higher rates for most countries last month.
One week to date, the S&P 500 is underway for a drop of 0.4% for the period, while the Nasdaq is on the right track to drop by 0.3%. The DOW totaled a modest gain of 0.1%, towards its third consecutive positive week.
