US stock futures held steady after President Trump visited the Federal Reserve and Wall Street digested the latest batch of corporate earnings.

Japan’s market is rallying, but bond markets are flashing warnings. With rising yields, political uncertainty, and fading trust, the current surge may not hold for long.

Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.

With stocks at records, Trump's trade deal with Japan is another bullish catalyst for investors as the market moves toward the August 1 tariff deadline.

On July 22, Japan's stock market experienced significant volatility due to election uncertainties. The Nikkei 225 index rose over 1% but later fell by 0.60%, while the broader TOPIX index also declined by approximately 0.

The Dow Jones Industrial Average surged 450 points, or 1%, and the S&P 500 moved up 0.7%, on course for a record high close. The tech-heavy Nasdaq composite rose 0.5%. Small caps on the Russell 2000 climbed 1%.

The U.S.-listed stocks of Japanese companies are surging, amid investor enthusiasm over the U.S-Japan trade deal. The biggest gainers were the ADRs of automakers, as Toyota's stock was

Japan’s Topix stock index rose above last summer’s record to close at a fresh peak as hopes of more US tariff deals brightened the outlook for global trade and economic growth.