Stock Market Today: Dow Surges 250 Points on U.S.-UK Trade Deal, Boeing and Bitcoin Lead the Rally

U.S. stock markets ended higher on Thursday after the United States and the United Kingdom announced a new trade deal that eased tariff concerns. The Dow Jones Industrial Average closed 254 points higher, a gain of 0.6%, reaching 41,368. At one point, the index surged over 660 points before trimming gains late in the session.

🚀 Major Market Highlights:

Boeing (BA) led the Dow with a 3.4% gain, boosted by news of strong 787 jet sales and expectations of $10 billion in new orders from the UK.
Bitcoin (BTC) crossed $100,000, signaling renewed investor confidence in cryptocurrencies.
MicroStrategy (MSTR) jumped 6.9%, while Grayscale Bitcoin ETF gained 5.4%, now nearing its previous high of $86.11.
Axon Enterprise (AXON) surged 14% after reporting a 23% jump in Q1 profits.
Robinhood (HOOD) soared nearly 7%, breaking past resistance on strong volume after an earnings beat.
AppLovin (APP) rocketed 13% on robust earnings, with profits rising 149% and revenue up 40%.

📈 Market Index Performance:

Nasdaq Composite gained 1.1%, inching closer to its 200-day moving average.
S&P 500 rose 0.6% to hit 5,720, the highest level since March, although still below its 200-day average.
Russell 2000 outperformed with a 1.9% rise, showing renewed interest in small-cap stocks.

🔍 Sector Movements:

Most tech stocks underperformed, while industrials, oil & gas machinery, airlines, and retail auto stocks led the gains. Security and safety-related companies also showed strong momentum.

📊 Earnings & Stock Moves:

Toast (TOST) rose 2.9% as it tested a technical breakout above $36.75.
Dave (DAVE) exploded over 40%, reaching a 52-week high after reporting a 47% revenue increase and quadrupled profits.
Fortinet (FTNT) fell over 10% despite being a top player in the cybersecurity space, due to weak quarterly results.

🏛 Economic Update:

Weekly jobless claims dropped to 228,000, better than expected, suggesting ongoing labor market stability.
10-year Treasury yield increased slightly to 4.3%, indicating some investor shift from bonds to equities.

🏦 Financials Show Strength:

Charles Schwab (SCHW) remains in a buy zone after breaking out above $81.24.
StoneX (SNEX) extended gains for a fifth straight week but showed late-session weakness.