Stocks surged on July 23, 2023, as optimism grew over potential new trade agreements for the United States ahead of a tariff deadline. The Dow Jones Industrial Average rose by 507.85 points to close at 45,010.29, just shy of a record. The S&P 500 reached a new high of 6,358.91, and the Nasdaq Composite closed above 21,000 for the first time. President Trump announced a trade deal with Japan, and negotiations with the EU are progressing. Market confidence in the tariff strategy has increased, with strong revenue generation and minimal inflationary disruption. ETFs like QQQ, RPG, VFMO, FNY, and RFG are poised to benefit.

Read more at Zacks Investment Research: Wall Street Rallies on Trade Optimism: Growth ETFs to Buy – July 24, 2025