U.S. stock futures are pointing to a higher start on Wednesday, as investor optimism rises following news of new trade deals announced by President Donald Trump. The upward momentum comes after Trump unveiled two significant trade agreements—one with Japan and another with the Philippines—that could mark a major shift in global trade dynamics ahead of

U.S. stock index futures rose on Wednesday after President Donald Trump clinched a trade deal with Japan, fueling hopes for a wave of new agreements ahead of the fast-approaching August 1 deadline.

Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more.

That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 14.5%, and PulteGroup rose 9.2%. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy.