The S&P 500 and Nasdaq hit record highs on optimism about a U.S.-EU trade deal, while Deckers Outdoor surged 11% after strong quarterly results. Intel fell 8.5% on steeper-than-expected losses and job cuts. Wall Street has been boosted by earnings and trade deals, with the S&P 500 closing at 6,388.64 points. Investors await the Fed’s decision on interest rates. Trump believes Powell may lower rates. Charter Communications dropped 18% due to broadband subscriber loss, while Paramount Global dipped 1.6% after a merger approval. Health insurer Centene rose 6.1%. S&P 500 companies are expected to increase second-quarter earnings by 7.7%. Microsoft, Apple, Amazon, and Meta Platforms will report earnings next week. Advancing issues outnumbered falling ones in the S&P 500.

Read more at Yahoo Finance: S&P 500, Nasdaq close at records; Deckers soars on UGG demand