US EditionUS Stocks Back at Records as Oil Prices Rally
- On Wednesday in New York, the S&P 500 and Nasdaq reached new peak levels, driven by gains in technology shares and a U.S.-Vietnam trade deal, while the Dow Jones Industrial Average dipped slightly but remained near its previous high.
- Markets climbed as technology shares surged and a new trade deal between the U.S. and Vietnam helped reduce fears about ongoing trade disputes.
- Apparel stocks like Gap, Lululemon, and Nike surged immediately after the trade deal was announced, benefiting from tariff reductions on Vietnamese goods.
- Investors largely dismissed the large June private-sector job loss of 33,000 and the disappointing ADP jobs report, as strategist Michael Arone noted the market was relieved by trade progress.
- The positive market response and muted labor data have increased expectations that the Federal Reserve may cut interest rates sooner, with focus shifting to Thursday's non-farm payrolls report.
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Wall Street Soars with Record Highs Amid U.S.-Vietnam Trade Deal
Wall Street Soars with Record Highs Amid U.S.-Vietnam Trade Deal The S&P 500 and Nasdaq closed at unprecedented levels on Wednesday, fueled by surges in technology stocks and a new trade pact between the U.S. and Vietnam. This agreement alleviated concerns over extended trade conflicts.Although the Dow Jones Industrial Average recorded a slight decrease, it stayed within 1.18% of its record close on December 4. Wall Street's series of record hig…
·India
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The S&P 500 rose 0.47%, to 6,227.29 units, and the Nasdaq Composite advanced 0.94%, to 20,393.13, then according to EU-Vietnam.
·Mexico City, Mexico
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Total News Sources53
Leaning Left6Leaning Right8Center14Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
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