Wall Street on Thursday rose after President Donald Trump exhorted traders to "go out and buy stock now" following the announcement of a trade deal between the U.S. and the United Kingdom - the first of its kind since Trump's imposition of sweeping reciprocal tariffs in April.

President Donald Trump said the faltering stock market "is Biden’s Stock Market, not Trump’s" and that a downturn wasn't due to tariffs. Our graphic shows how the markets responded after Trump made various tariff announcements.

"A trade agreement – even if it’s an agreement in principle – is what the markets were looking to see," one analyst said.

But one thing that most of them agreed on was that, once the dust settles from Trump's trade negotiations, America will be left with higher tariffs. Trump's imposition of tariffs on imports last month has angered America's trade partners,

Nvidia and other semiconductor stocks were rising on Thursday as the Trump administration said it plans to scrap regulations that would limit exports of artificial-intelligence chips worldwide.Nvidia shares were up 0.

Nvidia (NVDA) stock fluctuated Thursday as the Trump administration said it plans to repeal AI chip export restrictions put into place under former President Biden. The AI chipmaking giant's stock had ended Wednesday's trading 3% higher after a Bloomberg report first indicated that a repeal of Biden's so-called AI diffusion rule was coming.

Shares of Nvidia Corp. climbed toward the end of trading Wednesday after a report that the Trump administration is not planning to implement artificial-intelligence rules controlling chips shipments that was introduced by the Biden administration.