Signs of Trade Deal Hope Fuels Markets

Market Overview - Markets experienced a rise due to optimistic sentiment surrounding trade deals with U.S. partners, particularly following an agreement with the UK that maintained a +10% tariff [1] - The Dow Jones Industrial Average increased by +254 points (+0.62%), while the S&P 500 rose by +0.58%. The Nasdaq and Russell 2000 saw even larger gains of +1.07% and +1.85%, respectively [2] Earnings Reports - Expedia (EXPE) reported Q1 earnings of $0.40 per share, missing the Zacks consensus of $0.42, despite a +90% year-over-year increase. Revenues were $2.99 billion, below the expected $3.03 billion, leading to a -6.7% decline in after-hours trading [3] - Affirm (AFRM) exceeded bottom line expectations with earnings of +$0.01 per share against a forecast of -$0.08. Revenues matched estimates at $783 million, while Gross Merchandise Value (GMV) rose +36% year over year. However, shares fell -8% in late trading [3] - DraftKings (DKNG) reported a bottom line of -$0.07 per share, an improvement from the projected -$0.30. Revenues of $1.41 billion grew +20% year over year but missed the Zacks consensus of $1.42 billion. The company lowered revenue guidance and adjusted EBITDA forecasts, yet shares rose +3% in post-market trading [4]