Signs of Trade Deal Hope Fuels Markets – May 8, 2025
From Zacks Investment Research: 2025-05-08 19:44:00
- Markets rose today on hopeful sentiment regarding trade deals with U.S. partners, following an agreement with the UK that kept the baseline +10% tariff in place. The Dow gained +254 points, +0.62%, while the S&P 500 grew +0.58%. Nasdaq and Russell 2000 were the leaders, up +1.07% and +1.85%, respectively.
- Expedia missed Q1 estimates with 40 cents per share, down -6.7% in after-hours. Affirm posted a bottom line beat at +$0.01 per share, trading down -8% after hours. DraftKings also missed estimates but improved with -$0.07 per share, shares up +3% in post-market trading.
Read more at Zacks Investment Research: Signs of Trade Deal Hope Fuels Markets – May 8, 2025