Markets
Luke Kawa

US stocks climb on trade agreement with Vietnam

US stocks steadily gained throughout the day, buoyed by US President Donald Trump’s announcement of a trade deal with Vietnam.

The S&P 500 rose 0.5% to close at a record high, the Nasdaq 100 gained 0.7%, and the Russell 2000 outperformed with a 1.3% advance.

Energy and materials were the best-performing S&P 500 sector ETFs, while tech also bounced back with a 1% advance.

That Vietnam pact was a boon for Nike, which has major operations in the Southeast Asian nation and put in a 4% gain on the day.

Crypto-adjacent stocks had a strong session, with Coinbase up nearly 6% amid its acquisition of token management platform Liquifi, Robinhood hitting an intraday all-time high above $100 along with a record close, and miner Hut 8 soaring on an energy deal.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Elsewhere in thematic pockets of the area that posted big gains: quantum stocks surged, with Rigetti Computing’s 15% gain leading the way after the company was initiated with a “buy” rating at Cantor Fitzgerald. Its pure-play peers in the space were up between 8% and 12% on the day, as well.

Constellation Brands, which initially swooned after reporting underwhelming earnings after the close Tuesday, ended up 4.5% higher.

It was a mixed bag for EV stocks, with Tesla jumping despite posting a small miss on Q2 deliveries, and Rivian dropping after both production and deliveries came in shy of estimates.

And now for the bad news:

Centene tanked 40% after management withdrew full-year guidance following an actuarial study that showed the company’s business was not at all evolving as anticipated. Fellow health insurer and retail darling Oscar Health slumped about 19% in sympathy.

Intel sank after Reuters reported that its new CEO is mulling a manufacturing strategy shift that could prompt a massive write-off.

Paramount dipped after agreeing to pay $16 million to settle a lawsuit with the president.

More Markets

See all Markets
Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC