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Stock futures were higher Thursday after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck.
Futures for the Dow Jones Industrials popped 359 points, or 0.9% to 41,573.
Futures for the S&P 500 index zoomed 59.25 points, or 1.1%, to 5,711.25.
Futures for the NASDAQ jumped 266.75 points, or 1.3%, to 20,227.75
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said in a Truth Social post after teasing the announcement in previous posts.
Trump said there will be a news conference at 10 a.m. EDT to announce the deal.
Shares of megacap tech companies led the way higher in the pre-market, boosted on news that the Trump administration is preparing to rescind Biden-era artificial intelligence chip controls that would have taken effect later this month.
Apple and Nvidia gained more than 1% each, while Meta Platforms advanced 2%. Tesla and Amazon also advanced more than 1% each.
In Japan, the Nikkei 225 index gained 0.4% Thursday, while in Hong Kong, the Hang Seng also acquired 0.4%.
Oil prices moved higher $1.06 to $59.13 U.S. a barrel.
Gold prices dumped $45.30 to $3,346.60 U.S. an ounce.