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Markets News, May 8, 2025: Stocks Close Higher After Trump Unveils UK Trade Deal, Says More Are Coming; Bitcoin Jumps Above $100K for First Time in 3 Months


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Stocks rose Thursday following news that the U.S. reached a trade agreement with the United Kingdom, as President Donald Trump said that more deals are on the way and that tariffs on China could be reduced.

On May 8, 2025, the Dow Jones Industrial Average (DJIA) experienced a slight decline, closing down 0.15% at 39,300 points, influenced by mixed economic signals and sector-specific news. The technology sector saw gains, with companies like Apple and Microsoft performing well due to positive developments in AI and cloud computing, while the energy sector faced downturns amid falling oil prices. Additionally, market sentiment was affected by the Federal Reserve's latest comments suggesting a cautious approach to interest rate adjustments, contributing to a volatile trading session. Investors are closely monitoring upcoming economic reports, including the next jobs report and inflation data, which could provide further direction for the market.

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