Stocks rise after the US, Mexico, and Canada reach new NAFTA agreement

Traders
work on the floor of the New York Stock Exchange (NYSE) near the
end of the trading day on March 17, 2009 in New York City.
Following a better-than-expected housing market report released
Tuesday, stocks surged with the Dow closing up 178
points.
Spencer
Platt/Getty

Stocks were mostly higher Monday, paring some earlier gains,
after the US reached a trade deal with Mexico and Canada. The
dollar and Treasury yields jumped. 

Here’s the scoreboard:

Dow Jones industrial
average: 
26,658.47
 
+200.16 (+0.76%)

S&P
500: 2,920.68 +6.70 (+0.23%)

Nasdaq
Composite: 
8,037.30
 
−9.05 (-0.11%)

1. NAFTA lives on through
   the US-Mexico-Canada
   Agreement. Officials reached a
   breakthrough on trade in 11th-hour negotiations Sunday night,
   calming fears the trilateral deal could be scrapped. Automaker
   shares, including GM
   (+1.3%) and Ford
   (+1%), rose following the news.  
2. Negotiations between Washington and Beijing
   
   remain deadlocked. After imposing another
   round of tariffs on each other last month and cancelled
   high-level trade talks, Trump signaled his administration won’t
   be heading back to the negotiating table anytime soon. “Can’t
   talk now, because they’re not ready,” he said of Beijing during
   trade remarks at the White House. 
   
3. 
   General Electric ousted
   CEO John
   Flanneryafter just over a year at the top of
   the company. The surprise move comes just over
   two months after the company reported profit from
   its power business dropped 58% in the second
   quarter. Lawrence Culp, a GE board member and
   the former CEO of Danaher Corporation, is set to take his
   place. 

And a look at the upcoming economic calendar:

• Automakers release September sales numbers.
• Employment data are out in the US and Canada.