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The Closing Bell: Dow And S&P Higher After U.S. And Canada Reach Trade-Pact Terms: Nasdaq Down
FYI: U.S. stocks traded higher Monday, with the S&P 500 moving within points of its intraday record, after the U.S. and Canada reached a deal to revise the North American Free Trade Agreement. The news helped to alleviate some of the concerns surrounding trade that have periodically weighed on the market over the past several months.
Industrial stocks, and more specifically auto and rail-related shares rose. Ford (F.N) gained 1.3 percent, while General Motors (GM.N) advanced 1.4 percent. Among railroads, Kansas City Southern (KSU.N) rose 3.2percent.
The industrial sector .SPLRCI, sensitive to trade developments in recent months, was up 1.1 percent, on track for their best day in five weeks.
