Dow, S&P 500, Nasdaq futures rise on prospect of ‘major’ US-UK trade deal

US stock futures rose on Thursday after President Trump signaled the US has reached a trade deal with a major trading partner, reportedly the UK.

Dow Jones Industrial Average futures (YM=F) climbed 0.6%, while S&P 500 futures (ES=F) jumped 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) surged 1.2%.

Full details for Trump’s trade deal announcement are due in a press conference scheduled for Thursday morning, with people close to the matter expecting the United Kingdom to be the country named as having signed off on an agreement.

Plans for the US and China to hold their first trade talks have also lifted investor sentiment, even as Trump said he would not preemptively soften tariffs on the country ahead of the meeting. Top officials from the US and China, including Treasury Secretary Scott Bessant are due to meet in Switzerland this weekend to open up negotiation talks on tariffs.

On Thursday, Wall Street will get fresh insight into the labor market and consumer sentiment with the release of weekly jobless claims and the inflation expectations survey from the Federal Bank of New York.

Companies set to report earnings before the bell on Thursday include Warner Bros. Discovery (WBD) and Peloton (PTON(.