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

Japan and Europe are two of the U.S.’s largest trading partners and now that the markets have some certainty around trade, it’s back to “risk-on” for investors, according to Jim Reid’s team at Deutsche Bank.

Those moves follow a second straight day concluding at a high for the S&P 500, which inched up 0.06% in the session. Tuesday marked the 11th closing record of 2025 for the benchmark index. The 30-stock Dow climbed nearly 180 points in the session. The tech-heavy Nasdaq Composite, on the other hand, fell about 0.4% as chip stocks took a hit.

Gold futures fell on fresh macro optimism following the announcement of a US-Japan trade deal and reports that the US and European Union are closing in on a deal.

Futures for the precious metal fell as risk-on market sentiment prevailed. Gold is under pressure on fading safe-haven demand after the U.S.-Japan trade deal.

Trading volume in Japanese power futures on the European Energy Exchange (EEX) has nearly doubled so far this year from last year, and there is still room to grow with more renewable energy ...