Markets were flashing green on Thursday as trade tensions eased following confirmation of a trade agreement between Washington and London.

The Dow Jones Industrial Average gained 254 points, or 0.62%, while the S&P 500 lagged slightly with a 0.58% gain. The Nasdaq outperformed, climbing 1.07%.

The U.S. president says a trade deal with the U.K. could be finalized ‘in the coming weeks.’

Investors were in a buying mood on Thursday, as trade tensions eased further following confirmation of a trade agreement between Washington and London.

The Dow Jones Industrial Average gained 254 points, or 0.62%, while the S&P 500 had a smaller gain of 0.58%. The Nasdaq outperformed, climbing 1.07%. Shares of Alphabet (NASDAQ:GOOGL) also rose after the company reported that its search traffic remained strong, even as an Apple (NASDAQ:AAPL) executive claimed Thursday that Safari search usage is declining with the adoption of Apple’s new AI technologies.

Bitcoin (BTC) traded above the $100,000 mark for the first time since early February.

Trade deal ‘in the coming weeks’

Investors were in a buying mood as U.S. President Donald Trump said a trade deal with the United Kingdom could be finalized “in the coming weeks.” The agreement- the first of its kind since the Trump administration imposed widespread tariffs on trading partners- has fueled hopes that the era of steep tariffs might be receding.

The agreement will also include a $10 billion order for Boeing (NYSE:BA) aircraft, potentially boosting the planemaker’s stock. Boeing shares rose nearly 4%.

Trump also hinted at what he described as the “biggest tax cuts in history,” and predicted that the U.S. economy would “soar like a rocket ship.”

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts in Switzerland on Saturday and Sunday to discuss trade and economic issues.