All major U.S. indexes were mixed to start the trading session with the Nasdaq Composite posting the biggest loss at over 90 points as of 11:00 a.m. ET. The Dow Jones Industrial Average was slightly up over two points and the S&P 500 was down about 11 points.
With the latest trade deficit data, the impending North American Free Trade Agreement deals could continue to affect the markets this week. With a soft deadline last Friday, the U.S. and Canada were unable to procure a revamped NAFTA agreement.
Canada is seemingly the next shoe to drop after a deal with Mexico was agreed to last week, but U.S. President Donald Trump appears to be in no hurry with Canada, citing that there’s “no political necessity to keep Canada in the new NAFTA deal.”
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