FX.co ★ US Futures Surge on Positive Trade Developments

US stock futures experienced an upswing on Wednesday, with contracts for the S&P 500 increasing by 0.4%, Nasdaq 100 futures advancing 0.2%, and Dow Jones futures surging over 200 points. These gains followed consecutive record-breaking closures for the S&P 500. Investor confidence was lifted by renewed trade optimism after President Trump announced a new agreement with Japan, stipulating a reduction in tariffs from 25% to 15%. Japan also pledged to invest $550 billion in the United States and to open its markets to key American products. Additionally, a trade agreement with the Philippines was revealed, and there is growing anticipation of a forthcoming deal with the European Union. In parallel, attention remains fixed on the ongoing earnings season. Both Alphabet and Tesla are scheduled to report their earnings following the market's opening bell, with little movement observed in their stock prices during premarket trading. T-Mobile and IBM are also slated to disclose their quarterly results later in the day. However, Texas Instruments saw a significant drop of 10% after providing a disappointing earnings outlook, while AT&T fell by 3.6% despite surpassing earnings expectations.