Tesla and GE stocks rally and S&P 500 trades near closing record as Wall Street cheers Nafta deal
Monday, 1 October 2018 20:55 WIB |
MARKET UPDATE |DOW JONESS & P 500Wall StreetNasdaq
U.S. stock benchmarks opened solidly higher Monday after the U.S. and Canada strike a deal to revise the North American Free Trade Agreement.
The Dow Jones Industrial Average traded 185 points, or 0.7%, higher at 26,644, the S&P 500 index climbed 0.6% at 2,931.26, above its Sept. 20 closing record, while the Nasdaq Composite Index advanced 0.5% at 8,084.
In key corporate news, Tesla Inc. shares jumped after Chairman and Chief Executive Elon Musk settled a Securities and Exchange fraud probe over the weekend, which will force the 47-year-old founder to step down as chairman, with the company and Musk paying a combined $40 million in fines.