Nasdaq and S&P 500 hit record highs after Vietnam trade deal, boosting investor sentiment

From NASDAQ.: 2025-07-02 16:12:00

Stocks rebounded on Wednesday, with the Nasdaq and S&P 500 hitting record highs after President Trump announced a trade deal with Vietnam, boosting investor sentiment. The Nasdaq rose 0.9% to 20,393.13, the S&P 500 climbed 0.5% to 6,227.42, but the Dow edged down slightly to 44,484.42. Meanwhile, private sector employment in the U.S. unexpectedly fell by 33,000 jobs in June, according to a report from ADP. Economists are now awaiting the Labor Department’s report on Thursday, expecting an increase of 110,000 jobs and a rise in the unemployment rate to 4.3%. In sector news, steel stocks surged, driving the NYSE Arca Steel Index up 4.3%, while computer hardware stocks also saw a 2.5% increase. Energy, semiconductor, and airline stocks performed well, but utilities and healthcare stocks lagged behind. In overseas trading, Asian markets were mixed, with Japan’s Nikkei 225 falling 0.6% and Hong Kong’s Hang Seng Index climbing 0.6%. European markets mostly rose, with the French CAC 40 Index up 1.0% and the German DAX Index rising 0.5%. The UK’s FTSE 100 Index edged down 0.1%. Treasury yields rose after news of the trade deal, with the benchmark ten-year note climbing to 4.293%. Trading on Thursday will be influenced by the jobs report, weekly jobless claims, service sector activity, and the U.S. trade deficit.



Read more at NASDAQ.: Nasdaq, S&P 500 Rebound To Record Closing Highs After Vietnam Trade Deal