US Stocks Reach Record Highs on EU Trade Deal Optimism; Deckers Soars

US Stock Market Performance

• 📈 The S&P 500 and Nasdaq closed at record highs on Friday, with the Dow also seeing gains.
• 💡 This market rally was fueled by optimism that the US could reach a trade agreement with the European Union soon.
• 📉 The market's recovery from a previous sell-off is attributed to investors seeing the US as negotiating with foreign countries and noting an incredibly resilient economy.
• ✅ Positive factors mentioned include the extension of Trump's tax cuts and a lack of material impact on inflation so far.

Key Company Performances

• 🚀 Deckers Outdoor surged over 11% after exceeding quarterly estimates, driven by its UGG boots and Hoka sneakers.
• ⚠️ Intel shares fell approximately 8.5% due to a forecast of steeper quarterly losses and plans for job cuts.
• 📉 Charter Communications experienced a significant slump of over 18% following a larger-than-expected loss in broadband subscribers.
• 📊 Paramount Global stock saw a slight dip of more than 1.5% after regulatory approval for its merger with Skyance Media.

Upcoming Economic Focus

• 🏦 Investors will be closely watching the US Federal Reserve next week.
• 📌 Policymakers are expected to hold interest rates steady on Thursday as they assess the impact of tariffs on inflation.