# S&P 500, Nasdaq jump to record highs as US and Mexico strike trade deal

> 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.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63760-s-and-p-500-nasdaq-jump-to-record-highs-as-us-and-mexico-strike-trade-deal
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Sources

- cnbc.com: https://www.cnbc.com/2018/08/27/us-stocks-to-open-higher-after-powell-signals-further-rate-hikes.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.