Wall Street: The S&P 500 closes in a new record after Trump’s deal

US shares rose today Wednesday (23.7.2025), as the latest trade developments have been positively reinforced by their markers to Wall Street That the US will reach more agreements before the forthcoming duty deadline.

The industrial Dow Jones on Wall Street rose 507.85 points, or 1.14%, closing at 45,010.29 points. The S&P 500 rose 0.78% for a closing record of 6,358.91 – the 12th year. The wide market index also reached a new historical high during the meeting. Nasdaq increased 0.61%, closing at 21,020.02 – the first closure above the 21,000 threshold.

Trump said in a post on Truth Social yesterday Tuesday that the US had completed a “huge deal” with Japan. The agreement includes 15% “reciprocal” duties to the country’s exports to the US. The president also said that the US is meeting with European officials in an effort to achieve a trade agreement with the European Union.

Shares have risen slightly after the Financial Times reported that US is approaching an agreement for 15% duties with the European Unionwhich will be similar to the US -Japan agreement. Bloomberg also confirmed progress between the US and the EU, citing diplomats informed of the negotiations.

The US is seeking to conclude trade agreements with other countries before the August 1 deadline. Earlier this week, the White House revealed that the US and Indonesia agreed under a trade agreement. This follows a number of other trade agreements the US has entered into with other countries, including China and the United Kingdom.

The rise to new high levels has triggered the so -called “animal instincts” on Wall Street, with the shares of small companies with branded products and a dubious financial situation. Kohl’s rose yesterday Tuesday, while Gopro and Krispy Kremete rose today Wednesday.

Tesla’s shares have recorded the largest decline in the last decade’s quarterly revenue, with a 12%decline, as it receives intense competition from cheaper electric vehicles and faces reactions due to its CEO political positions Elon Musk.

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