Mumbai, May 9 -- The Nasdaq jumped 189.98 points or 1.1 percent to 17,928.14, the Dow advanced 254.48 points or 0.6 percent to 41,368.45 and the S&P 500 climbed 32.66 points or 0.6 percent at 5,663.94.

President Trump announced a trade agreement framework with the U.K., boosting Wall Street optimism. The deal promises greater U.S. market access, especially in agriculture, despite retaining a 10% tariff. It follows news of upcoming U.S.-China trade talks, reducing global trade uncertainty. Experts see this as a test case for future deals that could revive the struggling stock market.

Labor Department showed first-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd. It released a separate report showi...