From Yahoo Finance: 2025-05-08 17:05:00

The S&P 500 rose 0.6% after the U.S. reached a trade deal with the U.K. Axon Enterprise shares surged due to strong software demand. Match Group saw a decline in paying users and announced layoffs, leading to a drop in shares. Major U.S. indexes climbed after President Trump announced the new trade agreement with the U.K.

The agreement keeps tariffs in place but grants concessions to the U.K. on automobile and steel tariffs in exchange for increased market access for U.S. products. The S&P 500, Dow, and Nasdaq all closed higher on Thursday. Axon Enterprise shares jumped 14.1% after exceeding sales and profit expectations for the first quarter.

EPAM Systems shares rose 12.9% after surpassing estimates with their quarterly results. Enphase Energy shares increased 12.2% following the launch of a new solar energy system in Germany. Fortinet shares fell 8.4% after missing revenue expectations and providing underwhelming guidance. Cencora shares dropped 6.8% due to challenging growth comparisons and softness in clinical trial activity.

Read more: Axon Enterprise Soars as Software Demand Drives Earnings Beat