and its nearly half-century of aggression across Asia.

U.S. stocks rose after the United States and United Kingdom announced a deal on trade that would lower some tariffs and restrictions between the two countries.The S&P 500 climbed 0.6% Thursday, marking its 11th gain in the last 13 days. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite gained 1.1%.

Stocks got a boost after President Donald Trump gave potentially encouraging updates on upcoming talks with China, but some of the gains faded late in the day. Bitcoin jumped above $101,000, crude oil prices climbed and the price of gold eased back as investors felt less need for safety.The S&P 500 rose 32.66 points, or 0.6%, to 5,663.94.The Dow Jones Industrial Average rose 254.48 points, or 0.6%, to 41,368.45.

The Nasdaq composite rose 189.98 points, or 1.1%, to 17,928.14.The Russell 2000 index of smaller companies rose 36.75 points, or 1.8%, to 2,026.41.

The S&P 500 is down 22.73 points, or 0.4%.

The Dow is up 51.02 points, or 0.1%.Yael Schacher, director of the Americas and Europe at Refugees International, agreed that Musk is likely referring to the Shelter and Services Program and said there is “no substance” to his claim that money for disaster victims is being given to migrants, as each fund is appropriated separately by Congress.

“It is absolutely correct to say these funds would not have gone to disaster relief if they hadn’t gone to the SSP program,” she explained. “The funds just wouldn’t have been appropriated by Congress at all. The Shelter and Services Program is a separate line item in the federal budget and does not draw from FEMA’s Disaster Relief Fund.”She continued: “Congress has specifically set aside funding for FEMA to administer the Shelter and Services Program, ensuring that it does not pull any resources from FEMA’s other work.”

Congress has authorized 140 times more funding for the Disaster Relief Fund than the Shelter and Services Program,for the latter program have “strict cost requirements for how the money should be spent.”