$USDC $USDC Stocks are consistently rising 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 is up 585 points, or 1.4%. The S&P 500 is up 1.4%, and the Nasdaq Composite is up 1.7%.

"The agreement with the United Kingdom is comprehensive and will strengthen the relationship between the United States and the United Kingdom for many years," Trump stated in a post on Truth Social, after hinting at the announcement in earlier 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 decrease when there is a slowdown or recession. In other words, they depend on the economic cycle.

Technology stocks are also rising, driven 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 later 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%.