The S&P 500 hit a high on Trump trade deals. Tesla fell late as Elon Musk sees "rough quarters." Google rose on earnings.

US stocks moved higher Wednesday after President Donald Trump announced a trade agreement with Japan, reinforcing optimism that additional deals—particularly with the European Union—may soon follow. The Dow Jones Industrial Average rose by 240 points,

NASDAQ gains ground on trade deal optimism. Baker Hughes, which is up by 11.1%, is the biggest gainer in the NASDAQ index today. The stock rallied as traders reacted to the strong second-quarter report.

This might be the day Wall Street's left-behind stocks finally have their moment. Roughly 300 of the S&P 500's 503 stocks were trading higher on Wednesday morning, with the S&P 500 Equal Weighted Index surging 1.

Dow Futures rise as US-Japan trade deal boosts markets; earnings from Alphabet, Tesla, and chipmaker woes in focus.

Optimism spilled over to individual stocks, with 10 companies notable for their outperformance during the session.

Stocks rose Wednesday after President Donald Trump announced the U.S. had reached a trade deal with Japan, lifting hope for further agreements being made.

But some of the index's components haven't fared so well. Two well-known stocks in the DJIA have collapsed in value through the first six months of 2025. Investors on the lookout for bargains should take a closer look.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.