内容摘要：Kumaison stands on the pathway leading to her house in a flooded neighborhood in Timbulsloko, Central Java, Indonesia, Saturday, July 30, 2022. (AP Photo/Dita Alangkara)

Kumaison stands on the pathway leading to her house in a flooded neighborhood in Timbulsloko, Central Java, Indonesia, Saturday, July 30, 2022. (AP Photo/Dita Alangkara)

NEW YORK (AP) — U.S. stocks rose Thursday after the United States and United Kingdom announced athat would lower some tariffs between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy.

The S&P 500 climbed 0.6% for its 11th gain in the last 13 days. The Dow Jones Industrial Average added 254 points, or 0.6%, and the Nasdaq composite rose 1.1%.It wasn’t just stocks. Bitcoin jumped back above $101,000, and crude oil prices climbed, while the price of gold eased back as investors felt less need for safety. Treasury yields rose on bets that more trade deals with other countries may mean the Federal Reserve won’t need to cut interest rates as sharply as feared in order to prop up the economy.Stocks and other financial markets have been swinging for weeks with hopes that President Donald Trump could reach such deals that would lower his tariffs, which many investors believe would cause a recession if left unchecked.

Trump on Thursday lauded what he called a “maxed-out trade deal” with the United Kingdom, which will keep 10% tariffs on U.K. products but would lower taxes on U.K. automobiles in exchange for greater access in the U.K. market for U.S. beef, ethanol and other products.Trump said it may take weeks to finalize all the details in the U.K. deal, but he also gave potentially encouraging updates on talks pending with an even bigger trading partner, China.

The world’s second-largest economy is

in Switzerland this weekend. China has been calling for the United States to cancel its tariffs, while Trump has said that he wouldn’t reduce his 145% tariffs on Chinese goods as a condition for negotiations.Here’s what to keep in mind:

About 72.5 million people, including retirees, disabled people and children, get Social Security benefits.The program is funded by taxes on income subject to Social Security payroll taxes. The government uses taxes from working people to pay benefits to people who have already retired, people who are disabled, the survivors of workers who have died, and

. In 2025, the Social Security payroll tax will be assessed on the first $176,100 of income, up from $168,600 this year, which spotlights the key numbers leading our coverage.