Major U.S. equities indexes advanced Wednesday afternoon after President Trump announced the U.S. and Japan struck a new trade deal, and more companies reported strong earnings. The Dow, S&P 500, and Nasdaq all rose.

Lamb Weston Holdings (LW) was the best-performing stock in the S&P 500 after the frozen potato producer beat profit and sales estimates and gave a strong outlook on increased volumes and cost-cutting efforts.

Another food giant, egg producer Cal-Maine Foods (CALM), also topped earnings and revenue estimates, driven by higher prices and volumes. Shares traded at a record high.

GE Vernova (GEV) shares jumped as the maker of power plant generators posted better-than-expected results as orders grew for its power and electrification equipment and services.

Fiserv (FI) shares sank when the financial services provider slashed its outlook as volumes for its Clover point-of-sale platform slowed.

A weak forecast also sent shares of Texas Instruments (TXN) lower. The analog chipmaker is facing lower demand and uncertainty about tariffs.

Another soft outlook, this one from Enphase Energy (ENPH), sent shares of the solar power equipment manufacturer tumbling. The industry is facing higher costs because of tariffs.

Oil and gold futures declined. The yield on the 10-year Treasury note rose. The U.S. dollar was higher versus the euro, but lost ground to the pound and yen. Prices for most major cryptocurrencies dropped. 

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