US equity futures rose on Wednesday after President Donald Trump announced that Washington and Tokyo had reached a trade agreement, easing tensions and fueling hopes that similar progress could be made with China. S&P 500 futures advanced about 0.4%, Nasdaq 100 contracts gained 0.2% and Russell 2000 futures added 0.9%, while pre-market trading pointed to a roughly 250-point rise in the Dow Jones Industrial Average. The risk-on tone lifted most sectors, although individual stock moves were mixed. Texas Instruments tumbled roughly 11% in pre-market dealings after the chipmaker offered a softer revenue outlook and executives struck a cautious tone on an earnings call. Intuitive Surgical climbed about 1.8% after the medical-device maker beat consensus estimates for earnings, revenue and net income, while SAP fell 4% as the German software company reported slower growth in its cloud business. Investors are also bracing for a heavy earnings line-up later in the day, with Tesla and Alphabet scheduled to report after the closing bell. Their results could set the tone for the remainder of a packed earnings stretch that traders hope will confirm—or challenge—the optimism generated by the US-Japan accord.