All major indices are moving higher, except for the Dow Jones after it outperformed yesterday. The rebound off opening lows came after President Trump announced a trade deal with Vietnam that will remove all tariffs on U.S. exports to Vietnam.

The Magnificent Seven are mostly moving higher, reversing a bit from yesterday's move.

Five sectors are moving higher, with Technology (XLK) rebounding from yesterday’s underperformance driven by strong performance from chipmakers. On the other hand, Health Care (XLV) is the laggard.

Materials (XLB) is second best performing sector, after leading yesterday. Miners and steel stocks make up many of the top advancers in the sector today. Paper and packaging stocks,  as well as chemicals, are also making another appearance.

Freeport-McMoRan Inc. (FCX) is among the top gainers in the sector following a rise in copper prices, as China’s yuan strengthened and US dollar weakened, offsetting global trade uncertainty. The copper market is also facing some supply constraints putting additional upward pressure on copper prices. Freeport-McMoRan Inc. (FCX) is now up 22.2% year-to-date and earlier surged to a fresh 2025 high.

The ten-year treasury yield (TNX) is up 5.1 basis points, but still holding below its 200-day moving average.

Meanwhile on the Powell front, the FHFA called for Congress to investigate Jerome Powell claiming he lied to Congress and has political bias.

All eyes tomorrow on the June US jobs report.

Reminder, the market will close early tomorrow at 1 P.M. EST and will be closed on the 4^th of July.