US benchmark equity indexes are on track to close higher on Thursday, after President Donald Trump announced a new trade pact with the UK and stated that more trade deals with other countries are expected.

The Dow Jones Industrial Average gained 1.4% to 41,680.7, while the Nasdaq Composite increased 2% to 18,078.8. The S&P 500 was up 1.4% to 5,708.8. Consumer discretionary sector posted the highest gains, while healthcare had the steepest decline.

Axon Enterprise (AXON) shares were up over 14%, the top gainer on the S&P 500. The company reported Q1 non-GAAP earnings and revenue late Wednesday that beat market expectations.

EPAM Systems (EPAM) was the second-best performer on the S&P 500, up nearly 14%. The company said Chief Executive and President Arkadiy Dobkin will become executive chairman on Sept. 1. Balazs Fejes, currently president of global business and chief revenue officer, will succeed him as chief executive and president.

Match Group (MTCH) shares sank 8.4% intraday, the steepest decliner on the S&P 500. The company said it plans to reduce its workforce by 13% and centralize key function to unlock scale and decrease duplication.

The 10-year US Treasury yield gained 11 basis points to 4.4%, while the two-year rate was up 11.2 basis points to 3.9%.

June West Texas Intermediate crude oil was up 3.3% to $60.01 a barrel.