US stocks were mostly higher on Wednesday as markets assessed fresh economic data, trade deals, and corporate developments. The S&P 500 rose 0.3% to a new record, while the Nasdaq 100 added 0.6% and the Dow was flat. President Trump announced a trade deal that will tariff Vietnam at 20% instead of the 46% tariff from "Liberation Day". Still, reports of stalled negotiations with Japan and a pending deal with the EU maintained uncertainty ahead of next week's resumption of aggressive tariffs. In the meantime, data from the ADP showed an unexpected decline in private sector jobs, adding to evidence of a softening labor market ahead of tomorrow's jobs report. On the fiscal front, markets await the lower House's rule on the spending bill passed by the Senate, which adds $3.3 trillion to US debt. Tech rebounded from yesterday's slump, while Microsoft was flat after announcing it will cut 9 thousand jobs. In turn, Nike and Lululemon surged after higher Vietnam tariffs were averted.