financetom
Market
financetom
/
Market
/
Equity Markets Mixed After US, Vietnam Reach Trade Deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Equity Markets Mixed After US, Vietnam Reach Trade Deal
Jul 2, 2025 12:53 PM

03:32 PM EDT, 07/02/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Wednesday as investors parse US President Donald Trump's trade deal with Vietnam.

The Dow Jones Industrial Average was down 0.1% at 44,472.27, while the Nasdaq Composite was up 0.9% to 20,375.24. The S&P 500 gained 0.4% to 6,222.17. Among sectors, energy led the gainers, while healthcare had the steepest decline.

Coinbase (COIN), MicroStrategy ( MSTR ) and MARA (MARA) shares were up 6.3%, 8.1% and 12%, respectively. Ripple has applied for a national banking license with the US Office of the Comptroller of the Currency, The Wall Street Journal reported. The application aims to bring Ripple's dollar-backed stablecoin, RLUSD, under federal regulation.

Centene ( CNC ) was the worst S&P 500 performer, down nearly 40%. The company late Tuesday withdrew its full-year earnings outlook, citing lower-than-expected revenue from most states where it provides health insurance marketplace plans.

Other health insurance providers also fell following Centene's ( CNC ) guidance withdrawal. UnitedHealth ( UNH ) shares were down 5.3% and Molina Healthcare ( MOH ) shares were falling 21% as it was among the worst performers on S&P.

The 10-year US Treasury yield was up 5.2 basis points to 4.30%, while the two-year rate increased 1.2 basis points to 3.80%.

August West Texas Intermediate crude oil gained 2.8% to $67.25 a barrel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved