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The S&P 500 and Nasdaq closed at record highs on August 27, 2018 after the US and Mexico announced a new trade agreement. Gains were led by Caterpillar, Boeing and auto stocks.
Trump said the deal would be called the United States-Mexico Trade Agreement, replacing the NAFTA name.
Easing trade tensions reduce uncertainty for agricultural exporters and the broader economy. This is equity-market news with only indirect implications for feed commodity prices.
cnbc.comFred Imbert, Michael Sheetz, Ryan BrowneAug 27, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
