Major U.S. stock indexes crested higher Monday, sending the Nasdaq Co mposite past the 8000 mark for the first time as trade tensions eased. Progress between Mexico and the U.S. on a bilateral pact for the North American Free Trade Agreement helped calm investor concerns about global trade spats, analysts said. An announcement is expected later Monday, The Wall Street Journal reported, serving as an encouraging sign for discussions with other countries after weeks of jitters about trade fights, analysts said. “That eliminates one trade risk that’s been lingering in the background,” said Jason Draho, head of asset allocation for UBS Global Wealth Management.

Source: Wall Street Journal August 27, 2018 09:04 UTC