Wall Street powered through the shortened holiday week, with both the S&P 500 and the Nasdaq 100 climbing to fresh record highs, as upbeat economic data and major policy shifts helped fuel investor confidence.
Optimism got an extra boost after President Donald Trump announced a surprise trade deal with Vietnam. The agreement includes a 20% tariff on all Vietnamese imports and a 40% tariff on transshipped goods. In return, U.S. companies will get full access to Vietnam’s domestic market, a key win for American exporters.
Markets responded positively, with investors viewing it as a signal that Trump is favoring targeted trade enforcement over sweeping tariffs.
Congress Passes Trump’s OBBBA, Economic Data Outperform
The U.S. Senate passed the bill on July 1, 2025, in a narrow 51–50 vote, with …