US Stock Market today: S&P 500, Nasdaq close at record highs, Dow Jones falls. Nvidia, Apple, Tesla, Nike share price rise
US Stock Market indexes S&P 500 and Nasdaq ended at fresh records on Wednesday after President Donald Trump announced a trade deal with Vietnam, offsetting weak hiring data. The two major indices resumed their upward climb after hitting records on Friday and Monday but retreating on Tuesday. The Dow Jones Industrial Average finished essentially flat. S&P 500 rose 0.5 per cent and set an all-time high for the third time in four days. Nasdaq composite gained 0.9 per cent. However, Dow Jones Industrial Average edged down.
S&P 500, Nasdaq Closes on High
Nasdaq rose, boosted by Nvidia, Apple and Tesla. Tesla rallied following its latest update on deliveries, while Nike and other companies that import a lot from Vietnam rose after President Donald Trump announced a trade deal with the country.
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According to preliminary data, the S&P 500 gained 29.28 points, or 0.47 per cent, to end at 6,227.29 points, while the Nasdaq Composite gained 190.24 points, or 0.94 per cent, to 20,393.13. The Dow Jones Industrial Average fell 8.70 points, or 0.02 per cent, to 44,486.24.
Tesla rose, bouncing after a drop early this week, even as the electric vehicle maker posted a big drop in second-quarter deliveries. Some traders said the numbers were less severe than analysts’ bleak forecasts. The stock has shed more than 20% this year.Also Read – Best Croissants in New York City – Full list of bakery, restaurant addressCentene tumbled after the health insurer said it had withdrawn its 2025 earnings forecast after data showed a significant drop in expected revenue from its marketplace health insurance plans.
US-Vietnam Deal
Earlier on Wednesday, US Stock Markets opened lower after data showed the US private payrolls fell unexpectedly in June and job gains in the prior month were smaller than initially thought.
The US and Vietnam struck a trade agreement that sets 20 per cent tariffs on many of the Southeast Asian country’s exports. The Trump administration has teased that a deal with India is also coming soon, but has said others may not be ready by July 9.
Investors have been watching whether President Donald Trump’s administration continues to make progress on trade, said Michael Arone, chief investment strategist at State Street Global Advisors in Boston. “There is some relief in regards to progress on trade. The deal with Vietnam was welcomed news,” Arone said.
FAQs
Q1. What are US stock market indexes?
A1. US stock market indexes are — S&P 500, Nasdaq, Dow Jones Industrial Average.
Q2. How is US Stock Market performing?
A2. According to preliminary data, the S&P 500 gained 29.28 points, or 0.47 per cent, to end at 6,227.29 points, while the Nasdaq Composite gained 190.24 points, or 0.94 per cent, to 20,393.13. The Dow Jones Industrial Average fell 8.70 points, or 0.02 per cent, to 44,486.24.