US Market Close 2 Oct 18: US Market Close Report 2 Oct 18: Stocks mixed as US and Canada reach trade agreement

US sharemarkets were mixed on Monday. Investor sentiment was boosted by the new US-Mexico-Canada trade agreement (USMCA). Shares in Tesla rose by 17.4%. Reuters notes that "signs it had met targets for quarterly production numbers added to relief at Chief Executive Elon Musk's settling a lawsuit with regulators that could have forced him out." The Dow Jones index finished higher by 193 points or 0.7% after being up 280 points in early trade. The S&P 500 index was up 0.4% but the Nasdaq lost 9 points or 0.1%.

 

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