Market Sentiment Boosted by Trade Optimism

Major U.S. stock exchanges opened higher on Friday, buoyed by optimistic comments from the Trump administration regarding trade policies. President Donald Trump suggested that reducing tariffs on China to 80% would be appropriate, while National Economic Council Director Kevin Hassett announced progress on finalizing trade deals with 24 countries and entities. This news, along with the recent US-UK trade agreement, has positively influenced market sentiment.

Performance of Major Indices

The Dow Jones Industrial Average saw a 0.28% increase at the opening, with Chevron leading the gains at 1.63% by 9:31 am ET. The Nasdaq 100 added 0.53% at 9:30 am ET, highlighted by a significant 17.36% surge in The Trade Desk shortly after. The S&P 500 also enjoyed a healthy start, rising 0.39% at the opening bell, with Insulet experiencing a remarkable 17.13% jump by 9:31 am ET.

Currency Movements

In currency markets, the euro was trading 0.29% higher against the dollar at 9:29 am ET, with the exchange rate standing at 1.12622.