U.S. Stocks Jump With Peso, Loonie on Trade Pact: Markets Wrap
- Russell 2000 leads declines as advance in S&P 500 fades
- Yen weakens; Asia trading lulled by Hong Kong, China holidays
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U.S. stocks ended mixed, with multinational companies rising and domestically focused small caps sinking the most since July after the last-minute clinching of a new Nafta deal. Canada’s dollar remained higher, while Mexico’s peso gave back its rise.
The S&P 500 Index finished higher but more stocks fell than rose in the market-cap weighted index. Industrial titan Boeing Co. led the advance among blue chips, while the Russell 2000 Index fell more than 1.5 percent. General Electric Co. surged after replacing its chief executive, while Tesla Inc. rallied after Elon Musk settled with regulators. The loonie jumped 0.8 percent versus the dollar. Oil topped $75 a barrel in New York.