S&P 500, Nasdaq Rise on US-Vietnam Trade Deal, Fed Rate Cut Hopes

U.S. stock markets saw mixed results as the S&P 500 and Nasdaq gained on optimism from a new trade agreement between the U.S. and Vietnam, while the Dow Jones slightly declined. The trade deal imposes 20% tariffs on many Vietnamese exports to the U.S. but exempts U.S. goods entering Vietnam, easing concerns about an extended trade war and aiding inflation control efforts. Weak employment data, including a loss of 33,000 private sector jobs in June, increased speculation that the Federal Reserve may lower interest rates soon to stimulate growth. President Donald Trump's administration also announced plans to impose a 40% duty on transshipping to prevent tariff evasion, signaling continued progress on trade policy. Tesla shares rose notably despite a 14% drop in vehicle deliveries, reflecting investor focus on growth stocks amid expectations of rate cuts. Overall, markets are navigating the dual influences of trade developments and labor market softness, with investors awaiting upcoming job reports for further guidance.