Main U.S. equities indexes pushed increased after President Trump unveiled a new trade agreement with the U.K.

It’s the first deal introduced since final month’s suspension of «reciprocal» tariffs. The settlement will preserve the ten% broad tariff in place, however will give the U.Ok. concessions on vehicle and metal trade tariffs in trade for «elevated market entry» for U.S. agricultural, industrial, and chemical merchandise in Britain.

The S&P 500 gained 0.6% on Thursday. The Dow industrials additionally closed 0.6% increased, whereas the tech-heavy Nasdaq jumped 1.1%. 

Shares of Taser maker Axon Enterprise (AXON) surged 14.1%, gaining the most of any stock in the S&P 500 on Thursday. The corporate, which additionally offers physique cameras and different merchandise for army and legislation enforcement, posted better-than-expected gross sales and earnings for the primary quarter and boosted its full-year steerage. Axon touted robust progress for its software program and providers phase, highlighting sturdy demand for its synthetic intelligence (AI) policing programs.

Epam Methods (EPAM) additionally surpassed consensus estimates with its quarterly outcomes, and shares of the digital engineering and cloud-based software program supplier jumped 12.9%. Progress in IT providers income, AI-related demand, and strategic partnerships helped underpin the robust efficiency. EPAM additionally elevated its full-year gross sales outlook and introduced that its present chief income officer would take the reins as CEO later this yr.

Enphase Vitality (ENPH) shares superior 12.2% after the power know-how agency launched a plug-and-play photo voltaic power system in Germany. The brand new product is designed for customers who stay in flats or have restricted roof area. It may also be utilized in off-grid places resembling cabins, campsites, and cellular houses. With Thursday’s positive aspects, Enphase inventory staged a partial restoration from losses posted late final month after its quarterly outcomes fell short of expectations.  

Shares of Match Group (MTCH), operator of Tinder and different on-line relationship providers, sank 9.6%, posting the S&P 500’s weakest day by day efficiency. The corporate reported a year-over-year decline in paying customers throughout its platforms, together with the relationship websites Hinge and OkCupid. Moreover, Match stated it will minimize its workforce by 13% in an effort to chop prices because it navigates challenges associated to consumer engagement.

Fortinet (FTNT) shares fell 8.4% within the wake of the cybersecurity agency’s quarterly earnings launch. Though its first-quarter adjusted earnings got here in forward of consensus forecasts, income for the interval missed the mark, and Fortinet issued underwhelming steerage for the present quarter and the total yr. Regardless of the comparatively cautious outlook, Fortinet maintains a powerful management place within the world firewall market.

Shares of drug wholesaler and pharmaceutical options supplier Cencora (COR) misplaced 6.8% on Thursday, reversing the robust positive aspects posted by the inventory within the prior session following a powerful earnings report. However the robust quarterly efficiency, Cencora famous that it faces difficult progress comparisons for GLP-1 weight-loss merchandise together with softness in scientific trial exercise and its specialty logistics enterprise.