US Stocks Hit Records, Peso Rises on Trade Pact: Markets Wrap

The New York Stock Exchange on Broad Street, New York, on Sept. 7, 2017. Samira Bouaou/The Epoch Times

U.S. stocks added to all-time highs, and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell.

The S&P 500 Index closed in on 2,900 as President Donald Trump unveiled details of the agreement that he says will replace Nafta. Shares of carmakers and parts producers in the equity benchmark surged more than 3 percent. The peso rallied, and Canada’s dollar strengthened.