Stocks look set to rise on Wednesday after the U.S. brokered a trade deal with Japan, giving investors another reason to feel cheerful about tariffs ahead of the Aug. 1 deadline. S&P 500 futures also rose 0.3%, a day after notching yet another record close, and contracts tied to the tech-heavy Nasdaq 100 added 0.2%. President Donald Trump late Tuesday said he had struck a trade deal that will reset tariffs on goods from Japan imported to the U.S. to 15%, which is lower than the 25% he threatened in a letter earlier this month.

