U.S. equities were higher at midday as a new trade deal between the U.S. and Vietnam offset a surprising drop in private sector job creation and weakness in the healthcare sector. The S&P 500 and Nasdaq rose, and the Dow Jones Industrial Average was little changed.

Tesla (TSLA) shares gained even though the electric vehicle maker's second-quarter deliveries were lower than anticipated.

Shares of Constellation Brands (STZ) advanced as the maker of Modelo beer and Robert Mondavi wine affirmed its full-year guidance despite missing quarterly profit and sales estimates.

The U.S.-Vietnam agreement boosted shares of Nike (NKE), which has extensive manufacturing operations in the Asian country. 

Shares of insurance providers were getting hammered after Centene (CNC) warned its full-year profit would be dragged down because of falling enrollments and higher patient costs. It was by far the worst-performing stock in the S&P 500, and it was followed on the list by rivals Molina Healthcare (MOH) and Elevance Health (ELV). The Travelers Companies (TRV) and UnitedHealth Group (UNH) were the worst performers in the Dow.

Adobe (ADBE) shares slumped when the design software startup the Photoshop maker tried to buy, Figma, filed for an initial public offering. 

Oil futures climbed. Gold futures were little changed. The yield on the 10-year Treasury note was higher. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded in the green.