NEW YORK — (AP) — U.S. stocks are drifting on Wednesday, as Wall Street’s record-breaking rally slows ahead of a highly anticipated report coming Thursday about the U.S. economy.
The S&P 500 was up by 0.2% in midday trading, coming off its first loss after hitting all-time highs in back-to-back days.
» Read more about: US stocks drift ahead of Thursday's jobs report »
Tesla stock (TSLA) climbed nearly 3% early Wednesday after the EV maker reported global electric vehicle deliveries that came in below Wall Street’s low projections but produced more cars than expected.
Tesla said Wednesday it delivered 384,122 EVs in the second quarter, less than the 389,407 projected by Wall Street analysts tracked by Bloomberg consensus estimates.
President Trump announced a trade deal with Vietnam, lifting investor sentiment that more agreements could come before the July 9 tariff-pause deadline.
“The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,”
Footwear stocks led by Nike (NKE) rose in morning trade on Wednesday after President Trump took to his social media platform Truth Social to share that he “made a Trade Deal with Vietnam.”
Nike, On Holding (ONON), Deckers (DECK),
» Read more about: Nike stock pops after Trump says US reaches trade deal with Vietnam »
Prime Minister Mark Carney is meeting with the heads of the Canadian auto industry as concerns mount over the ongoing impact of tariffs imposed by the U.S.
The industry has been facing a 25 per cent tariff from the U.S. on the sector itself, as well as a 50 per cent duty on steel and aluminum,
» Read more about: Carney meets with auto sector as Trump’s trade war stretches on »
» Read more about: Cyngn Stock Soars as Nvidia Partner Covers Costs Through 2027 »
An unexpected decline in private sector payrolls, the first decrease in two years, has investors revisiting the outlook for the broader labor market.
US stocks were flat, erasing pre-market losses after a report showing an unexpected decline in employment raised concerns of slowing economic growth ahead of a more widely followed gauge of labor due Thursday.
» Read more about: US stocks flat following private jobs data shock »
Investors in Compass, Inc. COMP need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 15, 2025 $03.00 Call had some of the highest implied …
» Read more about: Is the Options Market Predicting a Spike in Compass Stock? »
With the landmark approvals of spot Bitcoin and Ethereum ETFs now in the rearview, crypto investors are shifting focus to the next potential exchange-traded products: XRP, Solana (SOL), and Cardano (ADA).
These altcoins, among the most widely held and actively traded, are gaining attention from analysts and fund managers anticipating a broader wave of crypto-based financial products.
» Read more about: XRP, Solana, and Cardano ETFs Up Next: Here’s What We Know »