US open: Stocks higher after Trump announces 'massive deal' with Japan
By Iain Gilbert
Date: Wednesday 23 Jul 2025
(Sharecast News) - Major indices were in the green early on Wednesday after Donald Trump announced the US has struck a trade deal with Japan.
As of 1445 BST, the Dow Jones Industrial Average was up 0.54% at 44,743.33, while the S&P 500 advanced 0.39% to 6,334.32 and the Nasdaq Composite came out of the gate 0.27% firmer at 20,948.40.
The Dow opened 240.89 points higher on Wednesday, extending gains recorded in the previous session as traders digested quarterly earnings reports from some of the country's biggest companies.
Trump said late on Tuesday that the White House had reached a "massive deal" with Japan, with the agreement including his so-called "reciprocal" tariffs of 15% on exports from Japan to the US. He also claimed that his administration was meeting with European officials in an effort to come to an agreement with the European Union.
On the macro front, US mortgage applications ticked up 0.8% in the week ended 18 July, according to the Mortgage Bankers Association, even as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.84% from 6.82%. Applications to refinance a home loan fell 3% week-on-week, while applications for a mortgage to purchase a home rose 3%.
"After reaching $460,000 in March 2025, the purchase loan amount has fallen to its lowest level since January 2025 to $426,700," said MBA economist Joel Kan. "With the 30-year fixed rate still too high to benefit many borrowers, refinance applications were down almost three percent for the week."
Still to come, June existing home sales data will be released at 1500 BST.
In the corporate space, Hasbro traded higher prior to the opening bell after posting Q2 earnings that smashed estimates and hiking its FY guidance.
Google parent company Alphabet and electric carmaker Tesla will report earnings after the close, as will Chipotle and Mattel.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Dow Chemical Co. (DOW) $29.64 4.47%
Amgen Inc. (AMGN) $305.69 3.32%
Merck & Co. Inc. (MRK) $81.61 2.90%
Johnson & Johnson (JNJ) $167.85 2.17%
Procter & Gamble Co. (PG) $158.32 2.12%
Home Depot Inc. (HD) $371.01 1.91%
Nike Inc. (NKE) $75.39 1.85%
Caterpillar Inc. (CAT) $417.41 1.74%
Travelers Company Inc. (TRV) $266.80 1.34%
McDonald's Corp. (MCD) $299.02 1.16%
Dow Jones - Fallers
3M Co. (MMM) $151.22 -1.06%
International Business Machines Corporation (CDI) (IBM) $281.96 -0.97%
Microsoft Corp. (MSFT) $505.27 -0.94%
Goldman Sachs Group Inc. (GS) $700.41 -0.79%
Coca-Cola Co. (KO) $69.66 -0.59%
Boeing Co. (BA) $228.48 -0.37%
Cisco Systems Inc. (CSCO) $68.16 -0.26%
Intel Corp. (INTC) $23.24 -0.09%
Dowdupont Inc. (DWDP) $0.00 0.00%
JP Morgan Chase & Co. (JPM) $291.53 0.16%
S&P 500 - Risers
Kohls Corp. (KSS) $14.34 37.62%
IQVIA Holdings Inc. (IQV) $187.38 17.88%
D. R. Horton Inc. (DHI) $153.55 16.98%
PulteGroup Inc. (PHM) $121.17 11.52%
Northrop Grumman Corp. (NOC) $563.68 9.41%
Lennar Corp. Class A (LEN) $118.71 8.32%
Albemarle Corp. (ALB) $83.24 7.89%
Illumina Inc. (ILMN) $102.03 7.63%
Genuine Parts Co. (GPC) $133.43 7.60%
Quest Diagnostics (DGX) $178.17 7.08%
S&P 500 - Fallers
Lockheed Martin Corp. (LMT) $410.74 -10.81%
Msci Inc. (MSCI) $527.78 -8.91%
Philip Morris International Inc. (PM) $165.27 -8.43%
Equifax Inc. (EFX) $239.05 -8.18%
KLA-Tencor Corp. (KLAC) $892.22 -4.86%
Lam Research Corp. (LRCX) $97.69 -3.98%
Universal Health Services Inc. (UHS) $162.68 -3.60%
Micron Technology Inc. (MU) $109.22 -3.54%
Netflix Inc. (NFLX) $1,190.08 -3.50%
Broadcom Inc. (AVGO) $278.59 -3.34%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $3.39 15.70%
Illumina Inc. (ILMN) $102.03 7.63%
PACCAR Inc. (PCAR) $98.58 6.10%
DENTSPLY Sirona Inc. (XRAY) $16.41 4.99%
Kraft Heinz Co. (KHC) $28.78 4.73%
Biomarin Pharmaceutical Inc. (BMRN) $59.20 4.67%
Starbucks Corp. (SBUX) $96.94 4.62%
Henry Schein Inc. (HSIC) $72.20 4.53%
Biogen Inc (BIIB) $127.85 4.21%
Baidu Inc. (BIDU) $92.45 4.10%
Nasdaq 100 - Fallers
KLA-Tencor Corp. (KLAC) $892.22 -4.86%
Lam Research Corp. (LRCX) $97.69 -3.98%
Micron Technology Inc. (MU) $109.22 -3.54%
Netflix Inc. (NFLX) $1,190.08 -3.50%
Broadcom Inc. (AVGO) $278.59 -3.34%
Applied Materials Inc. (AMAT) $187.14 -2.84%
Nvidia Corp. (NVDA) $167.03 -2.54%
Western Digital Corp. (WDC) $67.06 -2.44%
Analog Devices Inc. (ADI) $235.50 -2.07%
Seagate Technology Plc (STX) $146.59 -2.03%
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