Five Things You Need to Know to Start Your Day
Here are some of the things people in markets are talking about.
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U.S. stocks climb to a fresh record as Trump announces a new trade accord with Mexico, while Toyota makes a big investment in Uber. Here are some of the things people in markets are talking about.
U.S. stocks rose to fresh all-time highs and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell. The S&P 500 Index closed just short of 2,900 and the Nasdaq Composite Index topped 8,000 for the first time as President Donald Trump unveiled details of the agreement that he says will replace Nafta. Shares of carmakers and parts producers in the equity benchmark surged more than 3.5 percent. The Dow Jones Industrial Average rose above 26,000 for the first since February. The peso rallied, and Canada’s dollar strengthened. Trump said Monday it was ``not the right time to talk’’ with Chinese officials amid a spiraling trade war with the world’s second-largest economy, adding the trade relationship has ``been too one-sided for too many years, for too many decades.’’