US stocks jump as Trump agrees new trade deal with Mexico

Announcement made on Monday

Jayna Rana
clock • 2 min read

The S&P 500 and Nasdaq indices reached all-time highs on Monday after the US and Mexico reached a new trade deal Donald Trump described as "much more fair" than the current North American Free Trade Agreement.

The S&P 500 gained 0.8%, closing at 2,896.74 with the best performing sectors being materials and financials, while the Nasdaq Composite rose 0.9%, breaking above 8,000 for the first time. Gains were made across many tech giants, including all the FANG stocks, leading the index to close at 8,017.90. Both of the indices reached record highs while the Dow Jones Industrial Average closed above 26,000 for the first time since February, closing at 26,049.64. Trump signals soft Brexit will 'kill' UK's chances of US trade deal US president Donald Trump said the deal would be called The Un...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Treasury Committee hearing

Michael Nelson
clock 11 March 2026 • 2 min read
Fahad Hassan: Gulf crisis reshapes inflationary outlook

Fahad Hassan: Gulf crisis reshapes inflationary outlook

'This is an old-fashioned economic shock'

Fahad Hassan
clock 10 March 2026 • 3 min read
Spring Statement 26: Key takeaways from Reeves' latest fiscal update

Spring Statement 26: Key takeaways from Reeves' latest fiscal update

Markets digest uneventful Statement

Linus Uhlig
clock 04 March 2026 • 4 min read