The S&P 500 hits another record as President Donald Trump announced a trade deal with Vietnam. Separately, his ‘big beautiful bill’ advanced in the Senate. Microsoft is laying off thousands and ADP’s private payroll report shows job cuts.

The debate within President Donald Trump 's Republican Party over a massive tax-cut and spending bill returns to the House of Representatives on Wednesday. The Senate passed the legislation by the narrowest possible margin on Tuesday. Nonpartisan analysts say it will add $3.3 trillion to the nation's debt over the next decade.