Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.

US stock futures popped on Wednesday after the US struck a trade deal with Japan, lifting hopes for further tariff pacts as Wall Street got ready for Tesla (TSLA) and Alphabet (GOOGL, GOOG) earnings.

Live Updates Live Coverage Has Ended How AT&T stock performed after past earnings 6:00 am AT&T has underperformed peers on both earnings and post-report stock moves. FCF and capital efficiency remain the key swing factors.

Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.

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U.S. stocks are trading near record highs heading into the thick of the second-quarter earnings season, but with markets historically expensive and reliant on the performance of tech companies, some investors are starting to embrace a more cautious outlook.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The Vanguard S&P 500 ETF (NYSEMKT: VOO) is inching higher premarket, up about 0.1%. There's one notable non-earnings item on newsfeeds today, with Bloomberg reporting that Alphabet (Nasdaq: GOOG) (Nasdaq: GOOGL) is making a bigger push in artificial intelligence today.