US Stocks traded higher on the first day of the 4th quarter after the U.S. and Canada reached an 11th-hour deal to revise the North American Free Trade Agreement. This brings Canada into a new trilateral agreement that Mexico had agreed to weeks ago.
General Electric it has replaced its chief executive, after just over a year in the role, and investors were so ecstatic they shrugged off a profit warning and a plan to take an impairment charge of close to $23 billion. GE’s stock gained 7% on the news in very active trading.
Shares of Tesla Motors soared yesterday as a surprise settlement with the SEC over the weekend allowing the companies outspoken CEO Elon Musk to retain his CEO role. The stock got another boost from a report that Musk told employees that the company was “very close” to turning a profit. Tesla shares jumped more than 16% on the news.
With Northwest Quadrant Wealth Management I’m Tyler Simones