Mumbai, July 3 -- The tech-heavy Nasdaq jumped 190.24 points or 0.9% to 20,393.13 and the S&P 500 climbed 29.41 points or 0.5% to 6,227.42, although the narrower Dow edged down 10.52 points or less than a tenth of a percent to 44,484.4.

Wall Street saw a surge in strength following President Donald Trump's announcement of a new trade deal with Vietnam. According to his Truth Social post, Vietnam agreed to impose a 20% tariff on exports to the U.S. and a 40% tariff on trans-shipped goods. In exchange, Vietnam will grant the U.S. complete market access with zero tariffs on American products. Trump emphasized this as a historic move, highlighting it as a first for Vietnam.

Payroll processor ADP released a report showing private sector empl...