"Stocks Surge as US Nears Major EU Trade Deal"

Today United States markets finished in positive territory, with the Dow Jones Industrial Average up two hundred eight points or zero point five percent to close at forty four thousand nine hundred one point ninety two United States dollars, while the Standard and Poor’s five hundred ended the day up twenty five points or zero point four percent at six thousand three hundred eighty eight point sixty four United States dollars. The Nasdaq Composite gained fifty points, rising zero point two percent to settle at twenty one thousand one hundred eight point thirty two United States dollars. Gains were driven by a mix of manufacturing and consumer discretionary stocks, alongside investor optimism that the United States is close to a major trade deal with the European Union, while an agreement with Japan has already set a favorable precedent. Reports point to the scheduled meeting between European Commission President Ursula von der Leyen and President Donald Trump in Scotland this weekend, which has further eased trade tensions and boosted market confidence.Sector-wise, the materials, industrials, and consumer discretionary groups led with respective gains of about one point two, one, and zero point nine percent, while communication services lagged, falling approximately zero point nine percent. Corporate earnings continued to surprise to the upside, with approximately eighty five percent of Standard and Poor’s five hundred companies reporting results above analyst expectations, adding momentum to the rally. Trading volume was slightly below the recent average, but market breadth was strong, with advancers outpacing decliners by a two-to-one margin.Among the most actively traded shares were mega caps such as Amazon, Apple, and Microsoft, as traders positioned ahead of their pending earnings releases later this week. Sectors sensitive to tariffs and international trade, like industrial machinery and raw materials, notched the biggest percentage gains, while some telecom and media names dipped on regulatory concerns. Key economic data included the Personal Consumption Expenditures Price Index, showing a modest zero point one percent increase for the month and two point three percent year-on-year, while the labor market showed signs of slowing, with non-farm payrolls up by only one hundred forty seven thousand for July.Looking forward, futures for the Standard and Poor’s five hundred and Nasdaq one hundred were both up ahead of tomorrow’s session, indicating a potentially positive open after the United States and European Union tariff deal. Listeners should watch for the United States Federal Reserve’s policy announcement, the latest July jobs report, as well as earnings from technology giants Amazon, Apple, Meta, and Microsoft, which could serve as significant market-moving catalysts. Also keep an eye on ongoing global tariff developments and any court rulings that could affect presidential trade authority in the coming days, as these will likely impact investor sentiment and short-term market direction.Thank you for tuning in, and be sure to subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For great deals check out https://amzn.to/403yeYoThis content was created in partnership and with the help of Artificial Intelligence AI