Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Microsoft hit $4tn in market capitalisation on Thursday in a US tech share surge that also pushed Meta’s stock up by 11 per cent, on the back of blockbuster earnings from both companies the previous day.

Shares of Microsoft finished up 4% at $533.50, an all-time closing high, according to Dow Jones Market Data. Microsoft closed with a market cap of $3.966 trillion, just short of j