10/01/2018 – Bloomberg
U.S. stocks rose toward records and the dollar slipped with Treasuries after negotiators agreed to a new version of the Nafta trade pact. The Canadian dollar and Mexican peso gained.
The S&P 500 Index climbed on the first day of the fourth quarter. General Electric Co. surged after replacing its chief executive, while Tesla Inc. ralliedafter Elon Musk settled with regulators. The loonie and peso each jumped 0.7 percent versus the dollar. Oil drifted higher on concern over a slowdown in U.S. drilling. Treasury 10-year yields climbed to 3.08 percent.
A measure of confidence returned to markets after American and Canadian representatives announced a trade deal to be known as the U.S. Mexico Canada Agreement, making modest revisions to the old Nafta framework. Political drama in Washington still swirled around Donald Trump’s Supreme Court nominee, but investors remained focus on a spate of corporate news and economic data due this week.