U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies.

Up next could be pacts with India and the European Union, the 27-nation bloc that trades more with the U.S. than anyone else.

The Dow Jones Industrial Average surged 450 points, or 1%, and the S&P 500 moved up 0.7%, on course for a record high close.