Though this morning's private payrolls data hurt sentiment, a trade deal between the U.S. and Vietnam injected optimism back into the market. The S&P 500 settled at a new record high, while the Nasdaq jumped triple digits for its seventh gain over the last eight sessions. The Dow, on the other hand, snapped its four-day win streak with a modest loss. Traders are keeping an eye on President Donald Trump's "big, beautiful bill," as House Republicans attempt to gather support for a final vote.

OIL RISES AMID NUCLEAR TENSIONS

Oil prices marked their biggest gain in two weeks on Wednesday despite a surprise build of 3.8 million barrels in U.S. crude supplies last week, after Iran suspended cooperation with the United Nations (UN) atomic agency. August-dated West Texas Intermediate (WTI) crude rose $2, or 3.1%, to settle at $67.45 a barrel.

Gold prices rose after this morning's ADP employment report. August-dated gold futures added 0.3% to settle at $3,358.10.

More By This Author:

Stocks Edge Higher On U.S.-Vietnam Trade Agreement
Dow Marks 4th-Straight Win With 400-Point Gain
Dow Charges Higher; Tesla Stock Pressures Nasdaq