The S&P 500 and Nasdaq indices reached all-time highs on Monday after the US and Mexico reached a new trade deal Donald Trump described as "much more fair" than the current North American Free Trade Agreement.
The S&P 500 gained 0.8%, closing at 2,896.74 with the best performing sectors being materials and financials, while the Nasdaq Composite rose 0.9%, breaking above 8,000 for the first time. Gains were made across many tech giants, including all the FANG stocks, leading the index to close at 8,017.90. Both of the indices reached record highs while the Dow Jones Industrial Average closed above 26,000 for the first time since February, closing at 26,049.64. Trump signals soft Brexit will 'kill' UK's chances of US trade deal US president Donald Trump said the deal would be called The Un...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes