Dow pops more than 400 points after Trump announces Japan trade deal

Stocks climbed on Wednesday after President Trump announced a new trade deal with Japan, fueling optimism for further international agreements. The Dow rose 413 points (0.9%), the S&P 500 hit a new intraday high, and the Nasdaq gained 0.2%. The U.S.-Japan deal includes 15% reciprocal tariffs and similar talks with the EU are reportedly nearing completion. Market sentiment improved as trade policy uncertainty eased, while investors awaited earnings reports from major firms like Alphabet and Tesla. So far, over 86% of S&P 500 companies have beaten earnings expectations this season.