Market Brief 8 May, 2025

Good evening, investors and traders! The markets are experiencing a surge in optimism, fueled by a combination of positive trade developments and the Federal Reserve's decision to hold interest rates steady. The S&P 500 Index (GSPC) closed up 0.57% at 5,663.33, while the Nasdaq 100 Index (NDX) gained 1.12% to finish at 17,937.67. President Trump's announcement of a trade deal with the UK has sparked a rally in both stocks and cryptocurrencies, with Bitcoin surpassing $100,000 for the first time since February. The US-UK trade agreement is expected to raise $6 billion in US external revenue and create $5 billion in new export opportunities. Meanwhile, the EU is considering retaliatory tariffs on up to €95 billion worth of US goods if trade talks fail.