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Equity Markets Mixed After US, Vietnam Reach Trade Deal
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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.

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