Wall Street Hits Record Highs, Nike Jumps 18%: What's Moving Markets Friday?

Risk appetite surged at the end of the trading week, with the S&P 500 breaking above 6,190 and the Nasdaq 100 extending all-time highs, as investors responded to easing trade tensions and geopolitical risks with robust buying.

President Donald Trump said the U.S. is in the process of finalizing multiple trade agreements, suggesting that four to five deals are either completed or close to completion ahead of a key July 9 deadline. Sentiment was further lifted after Commerce Secretary Howard Lutnick confirmed a new U.S.-China trade accord that includes tariff reductions and safeguards for rare earth imports.

Dow Eyes 44,000 As Blue Chips Shine

The Dow Jones Industrial Average climbed steadily near the 44,000 mark, outperforming other major indexes on the back of major gains among blue-chip names.

Nike Inc. (NYSE:NKE) ...