The benchmark S&P 500 and Nasdaq moved firmly higher Wednesday after President Trump announced a trade deal with Vietnam, lifting investor hopes that more agreements will come bef

The S&P 500 and Nasdaq closed at record highs on Wednesday, boosted by gains in technology stocks and a trade agreement between the U.S. and Vietnam that eased concerns over prolonged trade tensions.

Shares of Nike, Wayfair, and other retailers with a significant production footprint in Vietnam rose Wednesday as President Trump said the U.S. reached a trade deal with the country.