AM Report 28 Aug 18: New US trade agreement deal lifts stocks

US sharemarkets were firmer on Monday in response to news of a US-Mexico trade deal. The Nasdaq rose above 8,000 points for the first time with the Dow Jones back above 26,000 points. There is now pressure on Canada and the EU to secure trade deals with the US. The Dow Jones index rose by 259 points or 1.0%. The S&P 500 index rose by 0.8% to record highs and the Nasdaq lifted by 72 points or 0.9%.

 

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