The Dow Jones Industrial Average and other major stock indexes rose Wednesday, drawing support from President Donald Trump's announcement of a trade deal with Japan. Meanwhile, reports said the European Union was preparing a massive tariff plan ahead of a key deadline.

The Dow, S&P 500, and Nasdaq rose as the stock market reacted to the U.S.-Japan trade deal and digested more earnings reports. The S&P 500 and Nasdaq hit closing records.

Shares of Otis Worldwide Corp. plunged 12.38% to $88.49 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.78% to 6,358.91 and the Dow Jones Industrial Average rising 1.

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.

The Dow Jones Industrial Average pulled within 100 points of its first record close since Dec. 4 after positive updates on trade pushed stocks higher ahead of key earnings reports. The Dow rose 508 points,

Shares of Amcor PLC AMCR rose 1.24% to $9.81 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.78% to 6,358.91 and the Dow Jones Industrial Average DJIA rising 1.14% to 45,010.29.