Stock futures were higher Thursday after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck. Futures tied to the Dow Jones Industrial Average gained 352 points, or 0.9%. S&P 500 and Nasdaq-100 futures climbed 1.1% and 1.4%, respectively. “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said in a Truth Social post after teasing the announcement in previous posts. Trump said there will be a news conference at 10 a.m. ET to announce the deal. Shares of megacap tech companies rose for a second day in the premarket session, boosted on news Wednesday that the Trump administration is preparing to rescind Biden-era artificial intelligence chip controls that would have taken effect later this month. Apple and Nvidia gained more than 1% each, while Meta Platforms advanced 2%. Tesla and Amazon also advanced more than 1% each. Thursday’s moves come after a winning session on Wall Street that saw volatile moves, as investors digested the latest Federal Reserve policy announcement and monitored for signs of progress on trade deals. Market participants share increasing worries that a global trade war could send prices higher and worsen inflationary pressures. The Fed on Wednesday kept its benchmark overnight borrowing unchanged, but Fed Chair Jerome Powell said during his post-decision press conference that if announced tariffs remain at their current levels, they could lead to a slowdown in economic growth, a spike in long-term inflation and greater unemployment. Treasury yields rose on Thursday as traders assessed the U.S. reaching a trade deal with the United Kingdom along with the Federal Reserve’s latest policy decision. At 6:32 a.m. ET, the 10-year Treasury yield was more than 3 basis points higher at 4.31%. The 2-year Treasury yield also gained 3 basis points to trade at 3.826%. Asia-Pacific markets were mostly higher after the U.S. Federal Reserve expectedly kept rates unchanged. Japan’s benchmark Nikkei 225 traded 0.41% higher to close at 36,928.63 while the Topix traded flat to end the trading day at 2,698.72. South Korea’s Kospi rose 0.22% to close at 2,579.48 while the Kosdaq advanced 0.94% to close at 729.59. Australia’s benchmark S&P/ASX 200 added 0.16% to close at 8,191.7. Hong Kong’s Hang Seng index rose 0.37% while mainland China’s CSI 300 added 0.56% to close at 3,852.90. Oil prices fell on Wednesday, as the Federal Reserve sees growing economic uncertainty and investors look toward U.S.-China trade talks this weekend. Brent crude futures fell $1.03 a barrel, or 1.66%, to close at $61.12 a barrel, while U.S. West Texas Intermediate crude fell $1.02, or 1.73%, to settle at $58.07 a barrel. Gold prices fell more than 1% on Wednesday, pressured by a firmer dollar and U.S.-China trade talks optimism, while the Federal Reserve held interest rates steady. Spot gold slipped 1.1% to $3,390.26 an ounce. U.S. gold futures lost 0.7% to $3,399.1. The U.S. dollar gained 0.2% against other fiat currencies. A stronger dollar makes gold more expensive for other currency holders.