U.S. Futures Hold Gains on Nafta as Tesla Rallies After SEC Deal

Deal to be called the U.S.-Mexico-Canada Agreement: officials
Tesla shares rebound after SEC settlement over the weekend

The New York Stock Exchange (NYSE) in New York.Photographer: Michael Nagle/Bloomberg

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By Matthew Burgess and Gabriella Lovas

October 1, 2018 at 3:15 AM UTC

Updated on

October 1, 2018 at 9:39 AM UTC

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U.S. stock-index futures held gains as Washington and Canada agreed on a trade deal that would preserve a three-way bloc with Mexico. Tesla’s shares rallied in pre-market trading as investors assessed the implications of Elon Musk’s settlement with federal regulators.

Futures contracts on the S&P 500 Index rose as much as 0.6 percent after the underlying gauge fell 0.5 percent last week ahead of last-minute trade negotiations at the weekend. Contracts on the Dow Jones Industrial Average and Nasdaq were both up as much as 0.8 percent.