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S&P 500, Nasdaq hit fresh all-time highs as trade war fears ease

The United States and Mexico agreed to overhaul the North American Free Trade Agreement, putting pressure on Canada to remain part of the three-nation pact

Reuters 

US stock indexes rose on Tuesday, with the benchmark S&P 500 and the Nasdaq indexes hitting fresh all-time highs, as a trade agreement between the United States and Mexico calmed fears of a global trade war. While the trade-sensitive industrial sector rose 0.24 percent, the gains were led by commodity-related stocks, with metal and energy companies gaining as prices of Brent crude and metals rose. The United States and Mexico agreed to overhaul the North American Free Trade Agreement, putting pressure on Canada to remain part of the three-nation pact. Canadian Foreign ...

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First Published: Tue, August 28 2018. 21:27 IST
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