Dow Jones Industrial Average (YM=F ... Management strategist Callie Cox said on Yahoo Finance's Opening Bid (watch below). Given how hard the stock market has rallied, any company reporting guidance that is perceived as subpar will get punished.

Stock futures rose on Wednesday (July 23) after President Donald Trump announced a trade agreement with Japan, fueling optimism for additional deals. Dow Jones Industrial Average futures were up 217 points,

Dow Jones futures rose modestly early Wednesday, along with S&P 500 futures and Nasdaq futures, as President Donald Trump announced a Japan trade deal.SAPSAP and Texas InstrumentsTXN led earnings after the close while GE VernovaGEV and AT&TT reported before the open.

U.S. stock futures are higher after a rally on trade deals, but some megacap tech companies are due to report quarterly results and could swing sentiment.

The yield on the 10-year hit a 52-week high of 4.896% on January 13, a week before Trump's second inauguration, and traded as low as 3.860% on April 4 before spiking to 4.607% on May 21, then settling at 4.431% on July 18.

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.

Amcor PLC closed 15.59% short of its 52-week high of $11.48, which the company reached on September 27th.