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Dow soars 250, Bitcoin hits $100k again after Trump's U.K. trade deal hype

Dow soars 250, Bitcoin hits $100k again after Trump's U.K. trade deal hype

Date: 2025-05-08 22:14:10 | By Mabel Fairchild

Markets Surge as Trade Tensions Ease: Bitcoin Soars Past $100K!

Holy smokes, the markets were on fire Thursday! Green arrows everywhere as the trade beef between Washington and London finally chilled out. We've got a deal, folks!

The Dow Jones Industrial Average shot up 254 points, a sweet 0.62% jump. The S&P 500 wasn't far behind, up 0.58%. But the Nasdaq? It absolutely crushed it, soaring 1.07%! And get this—Alphabet's stock popped after they dropped a report saying their search traffic is still killing it, despite some Apple exec whining about Safari's search numbers tanking thanks to AI.

But the real headline? Bitcoin (BTC) blasted past the $100,000 mark for the first time since early February. Crypto's back, baby!

Trade Deal 'In the Coming Weeks'

Investors were all in, buying like crazy after President Trump spilled the beans that a trade deal with the UK could be locked down "in the coming weeks." This isn't just any deal—it's the first big one since Trump started slapping tariffs on everyone. People are starting to think maybe this tariff madness won't last forever.

Boeing's stock? Up nearly 4%! Why? Because London's throwing down $10 billion for Boeing aircraft as part of the deal. Cha-ching!

And Trump? He's teasing the "biggest tax cuts in history," saying the U.S. economy's gonna "soar like a rocket ship." Buckle up!

Meanwhile, U.S. Treasury Secretary Scott Bessent and Trade Rep Jamieson Greer are jetting off to Switzerland this weekend to hash things out with the Chinese. Keep your eyes peeled—this could get interesting!

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