Overview

• The S&P 500, Nasdaq 100, and Russell 2000 gained 0.6%, 1%, and 1.9%, respectively, after the announcement of a new U.S.-U.K. trade agreement.
• Axon Enterprise shares surged 14.1% on strong quarterly earnings and an increased outlook, driven by demand for its AI policing tools.
• EPAM Systems posted better-than-expected results, raised its full-year guidance, and announced a new CEO, boosting its stock by 12.9%.
• Match Group shares fell nearly 10% after reporting a decline in paying users and announcing a 13% workforce reduction.
• Pharmaceutical stocks, including Eli Lilly, declined on reports of potential Medicare drug price cuts under consideration by the Trump administration.