Wall Street Soars with Record Highs Amid U.S.-Vietnam Trade Deal

The S&P 500 and Nasdaq closed at unprecedented levels on Wednesday, fueled by surges in technology stocks and a new trade pact between the U.S. and Vietnam. This agreement alleviated concerns over extended trade conflicts.

Although the Dow Jones Industrial Average recorded a slight decrease, it stayed within 1.18% of its record close on December 4. Wall Street's series of record highs highlights strong investor risk appetite amid uncertainties surrounding inflation and policy.

Attention now shifts to the upcoming non-farm payrolls report, which may signal when the Federal Reserve could reduce interest rates. Investor sentiment is also influenced by speculation surrounding potential trade deals with India, as market participants remain optimistic about recent trade developments.

(With inputs from agencies.)