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,

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.

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

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,

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

Tesla stock dropped early Wednesday ahead of its second-quarter earnings report. Shares were at $330.64 in early trading, down 0.4%, while the S&P 500 and Dow Jones Industrial Average were up 0.4% and 0.

This might be the day Wall Street's left-behind stocks finally have their moment. Roughly 300 of the S&P 500's 503 stocks were trading higher on Wednesday morning, with the S&P 500 Equal Weighted Index surging 1.

The nearest resistance level for Dow Jones is located in the 44,600 – 44,700 range. A successful test of this level will open the way to the test of the next resistance at 45,000 – 45,100. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.