The major averages performed well led by the Dow Jones as President Trump signed a number of tariff agreements with Asian countries while earnings keep rolling in.

The Dow Jones Industrial Average rose 507 points or 1.14%. The S&P 500 rose 49 points or 0.78% while the Nasdaq Composite rose 127 points or 0.61%.

Trump said in a Truth Social post Tuesday night that the U.S. had completed a “massive Deal” with Japan. The agreement includes “reciprocal” tariffs of 15% on the nation’s exports to the U.S. The president also said the U.S. is meeting with European officials in a push to reach a trade deal with the European Union.

Earnings reports came in from the likes of AT&T, Capital One, GE, Texas Instruments, Hilton, Lennox, Moddy’s, Northern Trust and General Dynamic.

The industrials performed well led by GE and General Dynamic. Healthcare, the banks and energy also performed well today.

Interest rates were higher as Secretary Treasury did concede that China is selling treasuries. The 10-year Treasury yield rose 5 basis points to 4.38%. The 2-year yield rose 5 basis points to 3.88%. The 30-year yield added 4 basis points to 4.94%.

In the commodity space, oil was quiet. Gold was down a percent while bitcoin fell a percent as well.

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