U.S. stock markets showed positive momentum over May 7 and May 8, 2025. On May 7, the S&P 500 opened up 0.2% and closed with a gain of 0.5%, finishing at 5,633.83 points. The NASDAQ rose modestly by 0.3% to 17,737.48, while the Dow Jones Industrial Average closed up 0.7% at 41,114.33 points. The following day, May 8, the upward trend continued with the S&P 500 opening 0.7% higher and closing up 0.6% at 5,663.33. The NASDAQ gained 1.1% to close at 17,937.67, and the Dow Jones Industrial Average rose 0.67% to finish at 41,389.19. Meanwhile, Japan's Nikkei average futures increased by 0.27% on May 7 and 0.83% on May 8, with the Nikkei share average surpassing the 37,000-point mark for the first time since March 28, 2025. The Tokyo Stock Exchange showed gains as well, with the Nikkei rising 417 points as of May 9 morning. The positive momentum in Japanese equities was partly attributed to optimism surrounding a U.S.-U.K. trade agreement. In contrast, benchmark 10-year Japanese Government Bond (JGB) futures declined slightly by 0.4 point in early trade on May 8.