S&P 500 hits new all-time high on news of U.S.-Vietnam trade deal

The S&P 500 closed Wednesday with yet another all-time high, after U.S. President Donald Trump announced a U.S.-Vietnam trade deal.

The index gained zero-point-four-seven percent, closing at 6-thousand-227-point-four-two, to set a new record.

Earlier the same day, Trump posted to social media that the U.S. and Vietnam had reached a trade deal that includes a 20 percent tariff on imports from Vietnam.

The tech-heavy Nasdaq also closed at a record high, after gaining nearly one percent, to end the trading session at 20-thousand-393-point-one-three.