US stocks extended gains on Wednesday following reports that the US will agree to a trade deal with the EU, magnifying earlier support from the trade deal with Japan. The S&P 500 was 0.6% higher to a fresh record of 6,350, while the Dow jumped 400 points and the Nasdaq 100 rose a softer 0.2%. The US reportedly is closing in on a deal to lower tariffs on the EU to 15% from the earlier threat of 30%, consistent with set moves on Japan, consolidating relief that aggressive levies will be limited by August. Optimistic corporate results also boosted the indices. GE Vernova surged 13% after raising its outlook, while General Dynamics jumped 6% on its earnings beat. On the other hand, Texas Instruments slumped 12% after noting that tariff threats hurt its guidance. Also, AT&T recorded losses despite beating profit expectations. Looking forward, both Tesla and Alphabet were relatively close to the flatline ahead of their earnings reports due shortly after the closing bell.