US Markets Rally on Trade Deal Optimism

Major US stock markets experienced a significant uptick on Wednesday, fueled by a combination of strong corporate earnings and positive developments in international trade negotiations under the Trump administration.

Key Developments in Trade Agreements

President Trump announced a groundbreaking trade deal with Japan, imposing reciprocal tariffs of 15%, a move that has been met with optimism by investors. Additionally, reports suggest a similar agreement is on the horizon with the EU, further lifting market spirits.

Market Performance Highlights

The Dow Jones Industrial Average saw a rise of 1.14%, with Merck & Co. leading the charge with a 2.95% increase. The Nasdaq 100 wasn't far behind, climbing 0.43%, thanks in part to Baker Hughes' impressive 11.64% jump. The S&P 500 also enjoyed gains, advancing 0.78%, with Lamb Weston Holdings surging by an remarkable 16.36%.

In currency news, the euro appreciated by 0.17% against the dollar, trading at $1.17737 by midday.