US stocks jump as Trump agrees new trade deal with Mexico

Announcement made on Monday

Jayna Rana
clock • 2 min read

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...

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