On the opening day of the 4th quarter Stocks ended higher as investors supported the news of Canada entering a trade deal with the United States and Mexico.
The S&P 500 increased by about 0.4% to 2,924.40, driven by profits in energy, industrials shares, and materials. On Monday the Dow Jones Industrial Average climbed from 192.90 points to 26,651.21 while Boeing and Chevron outperformed. Boeing, a stock that is susceptible to trade news, rose 2.8%. The Nasdaq Composite closed 0.1% below at 8,037.30, but, as drops in Intel and Facebook capped profits in tech.
Shares of Ford and General Motors improved 0.8% and 1.6%, respectively, following the news.
Asia markets still down, while US-China tensions worsen
Daily Analysis - 02/10/2018