India, July 2 -- After an initial move to the downside, stocks have moved mostly higher over the course of the trading session on Wednesday. With the upward move on the day, the S&P 500 has reached a new record intraday high.
Currently, the tech-heavy Nasdaq is up 172.83 points or 0.9 percent at 20,375.72 and the S&P 500 is up 17.53 points or 0.3 percent at 6,215.54, although the narrower Dow has bucked the uptrend and dipped 47.32 points or 0.1 percent at 44,447.62.
The strength that has emerged on Wall Street comes after President Donald Trump announced that he has reached a trade deal with Vietnam.
In a post on Truth Social, Trump said the terms of the deal call for Vietnam to pay a 20 percent tariff on goods sent to the U.S. and a 40...