Tesla will report second-quarter earnings after Wednesday’s market close.

Krispy Kreme and GoPro were among the companies riding the latest meme stock rally on Wednesday, as retail traders latched on to the highly shorted names a day after piling into the shares of department store company Kohl's.

Shares of department-store chain Kohl’s and real-estate platform Opendoor Technologies have rocketed higher recently.

Japanese stocks rose, leading gains in the Asia-Pacific region, after the U.S. and Japan reached a trade agreement that eased economic uncertainty related to U.S. tariffs..

Japan has a done a trade deal with Washington which will cut tariffs on the crucial car sector to 15%, in exchange for $550 billion of Japanese investment in the U.S.

Analysts noted the trade deal reduced a major risk to the fragile Japanese economy, providing more scope for the Bank of Japan to raise interest rates to fight inflation.