US stocks climbed to new peaks, driven by technology companies, as former President Donald Trump announced a trade agreement with Vietnam, boosting optimism about potential future deals.
The S&P 500 Index rose by 0.5%, with energy, materials, and information technology sectors leading the gains. Utilities and healthcare sectors lagged behind. The tech-heavy Nasdaq 100 increased by 0.7%, while the Russell 2000 Index gained 1.3%.
— News from Bloomberg
— News Original —
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US stocks advanced to a new high, with technology companies leading the charge, as President Donald Trump said he reached a trade deal with Vietnam, a move that fueled optimism more agreements are on the way.
The S&P 500 Index gained 0.5%, led by energy, materials and information tech. Utilities and health care underperformed. The tech-heavy Nasdaq 100 rose 0.7% and the Russell 2000 Index gained 1.3%.