Stocks soar on Vietnam trade deal as the S&P touches a new intraday high

A trader on the floor of the New York Stock Exchange (Credit: Michael Nagle/Bloomberg)

• The S&P 500 hit another record, as recovery in U.S. equities continues. Markets thrashed on news the U.S. had reached a trade deal with Vietnam and that the private sector lost 33,000 jobs in June. 

Markets on Wednesday continued their rocky but unmistakably upward trajectory.