The benchmark S&P 500 and Nasdaq moved firmly higher Wednesday after President Trump announced a trade deal with Vietnam, lifting investor hopes that more agreements will come bef

The S&P 500 and Nasdaq closed at record highs on Wednesday, boosted by gains in technology stocks and a trade agreement between the U.S. and Vietnam that eased concerns over prolonged trade tensions.

UBS believes Under Armour is among the most vulnerable companies to the United States’ trade deal with Vietnam. But afterward, a UBS analyst predicted a decrease in profit estimates and more complications ahead.