Dow's nearly 280-point surge puts it on track for best day in more than 6 weeks
The Dow Jones Industrial Average on Monday jumped more than 270 points, putting the blue-chip gauge on track for its best day in six weeks, as Wall Street rallied as the U.S. and Canada forged an 11th hour deal to revise the North American Free Trade Agreement. The Dow was up 277 points, or 1%, at 26,733, not far from a new peak for the gauge. An advance of this magnitude, if it holds, would represent the best daily rally for the Dow since Aug. 16 when the index surged 396 points or 1.6%. The S&P 500 index and the Nasdaq Composite Index also were driven solidly higher, with the S&P 500 also trading near records. President Donald Trump was set to hold a news conference in the Rose Garden to discuss the updated Nafta accord at 11 a.m. Eastern Time, coming just days after U.S. Trade Representative Robert Lighthizer told Congress that the two countries were unlikely to meet that deadline for a pact. The Nafta pact must still be approved by Congress.