U.S. stocks pared gains in afternoon trading as an advance sparked by the last-minute clinching of a Nafta deal faded. Canada’s dollar remained higher, though Mexico’s peso gave back its rise.
The S&P 500 Index cut a gain of 0.8 percent by half, with the bulk of the retreat coming during President Donald Trump’s hourlong press conference touting the trilateral deal. Domestically focused small caps declined. 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 $74 a barrel in New York.
Source : Bloomberg