Wall Street Closes Higher Amid Positive Trade Agreement Signals

The industrial index marked an increase today (April 29, 2025), with the session closing in positive territory after the White House announced that a significant trade agreement is expected to be announced soon. Specifically, the Dow Jones index rose by 0.75%, while the S&P 500 gained 0.58%. Both indices marked their sixth consecutive day of gains, signaling the longest streak since July for the Dow Jones and November for the S&P 500. The Nasdaq also saw an increase of 0.55% on Wall Street. A key role was played by the statement from the U.S. Commerce Secretary, Harold Latnik, who mentioned in a CNBC interview: “I have an agreement, ready, sealed. I’m just waiting for the approval of the prime minister and parliament on the other side.” The market reached its highest levels during the session following these comments, as Wall Street closely monitors for signs of progress in trade negotiations.