S&P 500 Reaches New Record on Vietnam Trade Deal Optimism

US stocks surged to a new high, led by technology companies, after President Donald Trump announced a trade deal with Vietnam. The S&P 500 Index rose 0.5% as energy, materials, and tech sectors gained ground. In contrast, utilities and healthcare lagged behind. The Nasdaq 100 climbed 0.7%, while the Russell 2000 Index jumped 1.3%. The positive news fueled optimism that more trade agreements are on the horizon.

Source: https://www.bloomberg.com/news/articles/2025-07-02/us-stocks-flat-as-private-jobs-data-sparks-growth-concerns