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<US>S&P 500 Hits New Closing High given US-Vietnam Trade Deal; Tesla Ends Up 5%
US President Donald Trump announced on Wednesday that a trade agreement was nailed with Vietnam, including a 20% tariff on goods imported from Vietnam to the US. Meanwhile, US June...
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<US>S&P 500 Hits New Closing High given US-Vietnam Trade Deal; Tesla Ends Up 5%
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US President Donald Trump announced on Wednesday that a trade agreement was nailed with Vietnam, including a 20% tariff on goods imported from Vietnam to the US. Meanwhile, US June ADP private sector jobs shed 33,000 surprisingly, arousing concerns about the US economic situation.

US stocks were in a mixed bag on Wednesday. The S&P 500 Index closed up 29 points or 0.5%, reaching a record high of 6,227. The Dow Jones Industrial Average inched down 10 points, ending at 44,484. The Nasdaq Composite Index jumped up 190 points or 0.9%, finishing at a new high of 20,393.

Related NewsUnemployment Rate for Jun in United States is 4.1%, lower than the previous value of 4.2%. The forecast was 4.3%.
Vietnam is a key production base for companies like Nike (NKE.US)      , GAP (GAP.US)      , and Lululemon (LULU.US)      , with Nike settling higher by 4%.

Tesla (TSLA.US)      logged a 13.5% decline in deliveries last quarter, marking a decline for two straight quarters, yet its stock ended up 5%.

Microsoft (MSFT.US)      will cut 9,000 jobs in the second round of large-scale layoffs, affecting less than 4% of its global workforce, with its stock slightly down 0.2%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsInitial Jobless Claims for Jun/28 in United States is 233.0K, lower than the previous value of 237.0K. The forecast was 240K.

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