07:23 AM EDT, 07/23/2025 (MT Newswires) -- The main US stock measures were tracking in the green in Wednesday's premarket activity after President Donald Trump announced trade deals with a few Asian countries, while investors await the latest quarterly earnings of Alphabet (GOOG, GOOGL) and Tesla (TSLA).

The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq added 0.2% before the opening bell. The S&P 500 and the Dow finished the previous trading session higher, while the Nasdaq registered its first decline in seven days.

Trump said in a social media post Tuesday that his administration completed a "massive deal" with Japan, which will pay 15% in reciprocal tariffs on its exports to the US. Japan will invest $550 billion in the US, "which will receive 90% of the profits" as part of the deal, according to Trump.

In separate posts on social media, Trump announced agreements with Indonesia and the Philippines, saying the two countries will pay duties of 19% each.

US Treasury Secretary Scott Bessent reportedly said Tuesday he is scheduled to meet with Chinese officials in Stockholm next week. The US and China agreed to a 90-day suspension of most tariffs on each other's goods in May.

Treasury yields were moving up in premarket action, with the two-year rate inclining 1.9 basis points to 3.85% and the 10-year rate climbing 3.8 basis points to 4.37%.

Google ( GOOG ) parent Alphabet and electric vehicle maker Tesla are scheduled to release their latest financial results after the markets close, along with International Business Machines ( IBM ) , T-Mobile US ( TMUS ) and ServiceNow ( NOW ) . AT&T ( T ) , Boston Scientific ( BSX ) , Thermo Fisher Scientific ( TMO ) , General Dynamics ( GD ) , Hilton Worldwide ( HLT ) and Hasbro ( HAS ) post earnings before the bell, among others.

Shares of Kohl's (KSS) decreased 1.1% pre-bell after closing the previous trading session up about 38%, while Krispy Kreme (DNUT) climbed 21%.

Texas Instruments ( TXN ) dropped 12% before the open as the semiconductor manufacturer issued a third-quarter earnings outlook below market estimates at the midpoint. Lockheed Martin ( LMT ) rebounded 1% after falling 11% at Tuesday's close as the company lowered its full-year earnings outlook.

Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the existing home sales report for June at 10 am. The weekly EIA domestic petroleum inventories report is out at 10:30 am.

West Texas Intermediate crude oil edged down 0.7% to $64.85 a barrel in premarket activity. Gold slipped 0.2% to $3,438 per troy ounce, while bitcoin fell 1.2% to $118,017.