S&P 500, Nasdaq leap to recent information as Vietnam commerce deal boosts hopes forward of key jobs report

President Trump introduced a commerce cope with Vietnam, lifting investor sentiment that extra agreements might come earlier than the July 9 tariff-pause deadline.

“The Phrases are that Vietnam can pay america a 20% Tariff on any and all items despatched into our Territory, and a 40% Tariff on any Transshipping,” Trump wrote on social media on Wednesday morning.

“In return, Vietnam will do one thing that they’ve by no means achieved earlier than, give america of America TOTAL ACCESS to their Markets for Commerce,” he added.

“It’s my opinion that the SUV or, as it’s generally referred to, Giant Engine Car, which does so nicely in america, will probably be an exquisite addition to the varied product strains inside Vietnam,” wrote Trump.

Buyers have been intently watching developments on the commerce entrance as July 9 approaches — the deadline following a 90-day pause of reciprocal tariffs introduced in April.

The US just lately introduced a framework settlement with China, a serious buying and selling companion.