$USDC

Stocks are rising steadily this Thursday on Wall Street after Donald Trump announced that a trade agreement has been reached between the United States and the United Kingdom. The Dow Jones Industrial Average gains 585 points, or 1.4%. The S&P 500 rises 1.4%, and the Nasdaq Composite advances 1.7%.

"The agreement with the United Kingdom is complete and comprehensive, and it will strengthen the relationship between the United States and the United Kingdom for many years," Trump stated in a post on Truth Social, after having hinted at the announcement in previous posts.

The "Consumer Cyclical" sector leads the increase with 1.3%. It is followed by the Communication Services sector with 0.9%. These sectors include companies whose products and services consumers buy more when the economy is expanding and tend to reduce when there is a slowdown or recession. That is, they depend on the economic cycle.

Tech stocks are also rising, fueled by Wednesday's news that the Trump administration is preparing to revoke the artificial intelligence chip controls established during the Biden era, which were set to take effect at the end of this month.

Nvidia rose about 0.5%, Intel advanced 3.3%, and AMD gained more than 3%. Tech giants Meta Platforms and Amazon rose more than 1% each, and Tesla rebounded more than 3%.