S&P, Nasdaq hit record highs as trade war fears recede
Updated : August 29, 2018 06:29 AM IST
While the trade-sensitive industrial sector rose 0.24 percent, the gains were led by commodity-related stocks, with metal and energy companies gaining as prices of Brent crude and metals rose.
The United States and Mexico agreed to overhaul the North American Free Trade Agreement, putting pressure on Canada to remain part of the three-nation pact.
Canadian Foreign Minister Chrystia Freeland is expected to travel to Washington for talks on Tuesday and US Treasury Secretary Steve Mnuchin told CNBC that he believed a deal could be reached this week.
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