FX.co ★ S&P 500 Notches Another Record on Trade Deals

On Wednesday, U.S. stocks experienced a significant uptick, driven by optimism surrounding new trade agreements and robust corporate performance. The S&P 500 gained 0.8%, reaching a new record high, while the Nasdaq increased by 0.7%. The Dow Jones Industrial Average soared by 505 points, approaching its own all-time high. Investors responded positively to the announcement of a finalized trade agreement between the United States and Japan, which featured reciprocal 15% tariffs. President Trump also indicated progress in discussions with the European Union, with reports suggesting a potential U.S.-EU deal similar to the Japan framework, further boosting market sentiment. GE Vernova saw its stock rise by 14.5% after it raised its guidance and posted strong quarterly results. General Dynamics also experienced a 6.5% increase following an earnings beat, and AT&T's shares climbed 1.2% due to surpassing profit forecasts. In contrast, Texas Instruments faced a 13% decline, citing tariff concerns affecting its guidance. Meanwhile, both Tesla and Alphabet were trading near the flatline, anticipating their earnings reports expected shortly after the market's close.