An operator on the New York Stock Exchange on June 23, 2025 (AFP / Timothy A. Clary)
The New York Stock Exchange finished overall on Wednesday, investors showing up on the commercial level after the announcement of an agreement between the United States and Vietnam, a week before the entry into force of important American surcharge.
The NASDAQ index took 0.94% and the enlarged S&P 500 index won 0.47%, both reaching new heights. The Dow Jones ended up at a level close to balance (-0.02%).
Donald Trump announced on Wednesday that it has sealed an agreement providing “zero” customs right on American products entering Vietnam and, conversely, a surcharge of at least 20% on Vietnamese exports to the United States.
The agreement, as presented by Donald Trump, should significantly increase the price of shoes and clothes that the Southeast Asian nation exports to mass to the United States.
But that was apparently the price to pay for Hanoi, who thus escapes the threat of an even more severe surcharge, of 46%.
“Little by little”, Washington reaches “agreements with Canada, with Vietnam, with the United Kingdom (…) It is therefore a good thing that another country has concluded an agreement with the United States, which will reduce tensions,” said AFP Sam Stovall, CFRA.
This announcement led to the upward clothing sector like Nike (+4.11% to 76.43%), Under Armor (+1.93% to 6.87 dollars) and Lululemon Athletica (+0.48% to 246.30 dollars).
In the American square, the gains following this agreement remained “modest because the fears of slowdown (of economic activity) resurfaced following the publication of the first month of job losses in 27 months”, underlines Jose Torres, of Interactive Brokers.
According to the monthly investigation ADP/Stanford, the private sector in the United States began to destroy jobs in June (-33,000), which sows doubt about the health of the American economy on the eve of the publication of unemployment figures.
“Optimism is also tempered by the fact that the + large and beautiful law + comes up against a strong resistance to the House of Representatives due to the absence of reduction in expenses,” adds Jose Torres.
Donald Trump’s imposing budget bill, which could increase the American debt of several thousand billions of dollars in ten years, was approved on Tuesday by the US Senate.
On the bond market, the yield of the American loan at ten years was frankly set at 4.28%, against 4.24% at the end on Tuesday.
Elsewhere, on the table of values, the car manufacturer Tesla was sought (+4.97% at 315.65 dollars) after having published the figures for its world sales, which emerged in accordance with the expectations of analysts.
His sales fell 13.5% in the second quarter in a context of increased competition and the counterpouil of his boss Elon Musk with the administration of Mr. Trump.
The Robinhood cryptocurrency exchange platform has gained ground (+6.12% at 97.98 dollars), investors believing that the company could integrate the S&P 500, the redemption of Juniper by the IT company Hewlett Packard Enterprise (HPE) leaving a vacant place in the index.
The alcohol distributor Constellation Brands (Corona, Modelo) advanced 4.48% to 173.87 dollars, despite quarterly results less good than expected.
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