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HomeMarket NewsUS Stock Market LIVE Updates: S&P 500 rises after Trump announces Vietnam trade deal
US Stock Market LIVE Updates: The S&P 500 climbed 0.3% on Wednesday, reaching a fresh all-time intraday high after former President Donald Trump announced a U.S.–Vietnam trade agreement on Truth Social. Despite the market uptick, enthusiasm was tempered by a surprising decline in private-sector employment. The Nasdaq Composite led gains, rising 0.8%, while the Dow Jones Industrial Average slipped slightly, down 32 points, or 0.1%. The deal includes a 20% tariff on Vietnamese imports, sparking a 3% jump in Nike shares, as the company relies heavily on manufacturing in Vietnam and China. However, an ADP report released earlier showed U.S. private payrolls fell by 33,000 in June—marking the first monthly job loss since March 2023. Analysts had anticipated a gain of 100,000 jobs, fueling investor concerns about the economy’s underlying strength. Watch this space for all the live updates.
US Stock Market LIVE Updates: The S&P 500 climbed 0.3% on Wednesday, reaching a fresh all-time intraday high after former President Donald Trump announced a U.S.–Vietnam trade agreement on Truth Social. Despite the market uptick, enthusiasm was tempered by a surprising decline in private-sector employment. The Nasdaq Composite led gains, rising 0.8%, while the Dow Jones Industrial Average slipped slightly, down 32 points, or 0.1%. The deal includes a 20% tariff on Vietnamese imports, sparking a 3% jump in Nike shares, as the company relies heavily on manufacturing in Vietnam and China. However, an ADP report released earlier showed U.S. private payrolls fell by 33,000 in June—marking the first monthly job loss since March 2023. Analysts had anticipated a gain of 100,000 jobs, fueling investor concerns about the economy’s underlying strength.
Watch this space for all the live updates.
