Market

US Markets Rally on Japan Trade Deal and Anticipation of Tech Earnings

US Markets Open Higher

US markets opened higher on Wednesday, buoyed by news of a sweeping trade agreement between the administration of US President Donald Trump and Japan. The deal includes a $550 billion Japanese investment, reduced tariffs, and greater US access to Japan's auto and agricultural markets.

Impact on Japanese Markets

Japan's Nikkei 225 jumped over 3% and Japan's 10-year bond rose following the announcement, signaling strong market confidence in the deal's benefits.

Tech Earnings on the Horizon

Investors now await earnings from Alphabet and Tesla, the first major tech reports of the season, which could further influence market trends.

Market Movements

At 9:00 am ET, the Dow Jones Industrial Average gained 0.57% or 254 points, with NVIDIA Corporation climbing 1.57%. The S&P 500 increased 0.32% as Lamb Weston Holdings Inc. soared 14.52%. The Nasdaq 100 opened 0.15% higher as Constellation Energy Corporation rose 5.22% but a minute later it changed to flat. The euro lost 0.26% against the dollar at 8:58 am ET to sell for $1.17234.