US stocks rise after Trump announces UK trade deal

New York: US stocks finished firmly in the green Thursday after President Donald Trump unveiled a breakthrough trade agreement with the United Kingd...

New York: US stocks finished firmly in the green Thursday after President Donald Trump unveiled a "breakthrough" trade agreement with the United Kingdom.

The deal reduces tariffs on British cars, steel and aluminum, while in return Britain will open up its markets to US beef and other agricultural products.

The Dow Jones Industrial Average finished up 0.6 percent at 41,368.45, as did the broad-based S&P 500, which closed at 5,663.94.

The tech-rich Nasdaq Composite Index climbed 1.1 percent to 17,928.14.

"It's a combination of the Fed not saying anything negative combined with the potential agreement between the US and the UK," CFRA's Sam Stovall told AFP, referring to the Federal Reserve's relatively buoyant view of the US economy.