The S&P 500 and the Dow Jones Industrial Average hit fresh record highs in afternoon trade on Wednesday after President Donald Trump touted the trade deals he has made with Japan and Indonesia on Truth Social and Washington unveiled its now ‘AI Action Plan.

A trade spokesperson for the European Commission (EC), Olof Gill, noted that “the EU’s primary focus is on achieving a negotiated outcome with the US”, but noted that the EU remains ready to use its anti-coercion instruments (ACI) to fast-track retaliatory tariffs should a trade deal fall through.

The Dow Jones Industrial Average was in the process of heading for its highest closing level of the year on Wednesday as investors held out hope for more trade deals. The Dow was up about 451 points,

Dow Jones gains on strong healthcare and financials while Nasdaq drops as tech stocks retreat, signaling sector rotation in US indices today.

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

All three major stock indexes remained higher heading into Wednesday afternoon trading, buoyed by optimism that the U.S.-Japan trade deal could lead to progress with more countries. The Dow Jones Industrial Average was up 394 points,

The Dow, S&P 500, and Nasdaq are are rising in premarket trading as the stock market digests more earnings reports.

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.