S&P 500 Notches Another Record on Trade Deals
US stocks rallied on Wednesday, buoyed by optimism over new trade agreements and strong corporate momentum.
The S&P 500 climbed 0.8% to notch a fresh record high, the Nasdaq rose 0.7%. The Dow Jones surged 505 points, coming within striking distance of its own all-time high.
Markets cheered news of a finalized trade deal between the US and Japan that included reciprocal 15% tariffs, with President Trump signaling similar progress in talks with the European Union.
Reports suggested a US-EU deal was close, mirroring the Japan framework, further lifting sentiment.
GE Vernova jumped 13% after raising its guidance and reporting strong quarterly results, while small-cap stocks like GoPro and Krispy Kreme also gained ground.
However, Tesla and Alphabet shares dipped ahead of their earnings releases, as investors braced for weak results and focused on future growth prospects.
Source: Trading Economics