Market

Dow Futures Surge 400 Points as Trump Announces Groundbreaking UK Trade Deal Amid Fed's Steady Rates

Market Rally Continues as Investors Respond to Federal Reserve's Decision

United States stock futures experienced a significant uptick during Thursday's premarket session, with the Dow Jones Industrial Average soaring over 400 points. This rally builds on the momentum from the previous day, following the Federal Reserve's announcement to maintain current interest rates, a move that has sparked cautious optimism among investors amidst ongoing tariff uncertainties.

Trump's UK Trade Deal Announcement Fuels Market Optimism

Adding to the positive market sentiment, President Donald Trump revealed a comprehensive new trade agreement with the United Kingdom. This announcement has further energized investors, contributing to the day's robust market performance.

Trump Criticizes Fed Chair Powell Amid Market Gains

In a striking contrast to the day's financial successes, President Trump did not hold back in his criticism of Federal Reserve Chair Jerome Powell, labeling him as "a fool" who "does not have a clue." Trump's comments came as he claimed inflation is nearly nonexistent, adding a layer of controversy to the day's economic discussions.

By 6:49 am ET, the Dow Jones Industrial Average had climbed 0.97%, or 400 points, while the Nasdaq 100 and S&P 500 also saw significant increases of 1.43% and 1.20%, respectively. The euro remained stable against the dollar, trading at 1.12925 by 7:04 am ET.