TRON (trx) 
U.S. Stocks Rise Amid Trade Optimism and Earnings Reports
U.S. stocks closed higher as investors responded positively to developments in trade policy and analyzed a wave of corporate earnings. The Dow Jones Industrial Average climbed 300 points, or nearly 0.75%, while the S&P 500 added 0.6%, and the Nasdaq Composite gained 0.5%.
Market Reacts to Trade Deal Announcement
Momentum in the markets picked up during the afternoon after U.S. Commerce Secretary Howard Lutnick stated that a trade deal with an unnamed country was “done” but awaiting international approval. This statement was seen as a potential breakthrough amidst ongoing uncertainty surrounding U.S. trade policies.
However, despite the day’s gains, President Donald Trump’s first 100 days of his new term have marked a challenging period for the markets. The S&P 500 is on track for its steepest decline during the initial 100 days of any presidential term since 1973, when Richard Nixon faced similar market turbulence.
President Trump Signs Auto Tariff Executive Order
Earlier in the day, President Trump signed an executive order aimed at preventing overlapping auto tariffs. This move provided some relief to automakers already grappling with the financial strain of existing trade levies.
General Motors, which reported better-than-expected earnings, announced the suspension of its share buyback program and pulled its 2025 financial guidance as it awaits further policy clarity. Meanwhile, Amazon shares rebounded after denying speculation about adding tariff-related surcharges to its platform. The White House had described such a move as “hostile.”
Corporate Earnings in the Spotlight
Corporate earnings continued to drive market sentiment. Spotify and Coca-Cola reported their results before the opening bell, while Starbucks was scheduled to release its earnings after the close. Honeywell’s strong performance, with a 5% jump following an earnings beat, helped bolster the Dow’s upward trajectory.
Key Economic Indicators Signal Caution
Despite the positive market performance, underlying economic data highlighted persistent challenges. Consumer confidence declined for the fifth consecutive month, and job openings remained at their lowest level in four years, signaling potential headwinds for future economic growth.
Bitcoin Holds Steady Amid Market Activity
Bitcoin traded near the $95,000 mark throughout the day, reflecting relative stability in the cryptocurrency market. This performance comes as broader economic and policy uncertainties continue to shape investor sentiment in both traditional and digital asset markets.
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