Stocks rise after the US, Mexico, and Canada reach new NAFTA agreement

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Traders work on the floor of the New York Stock Exchange (NYSE) near the end of the trading day on March 17, 2009 in New York City. Following a better-than-expected housing market report released Tuesday, stocks surged with the Dow closing up 178 points.

Stocks were mostly higher Monday, paring some earlier gains, after the US reached a trade deal with Mexico and Canada. The dollar and Treasury yields jumped.

Here's the scoreboard:

Dow Jones industrial average: 26,658.47 +200.16 (+0.76%)

S&P 500: 2,920.68 +6.70 (+0.23%)

Nasdaq Composite: 8,037.30 −9.05 (-0.11%)

1. NAFTA lives on through the US-Mexico-Canada Agreement. Officials reached a breakthrough on trade in 11th-hour negotiations Sunday night, calming fears the trilateral deal could be scrapped. Automaker shares, including GM (+1.3%) and Ford (+1%), rose following the news.
2. Negotiations between Washington and Beijing remain deadlocked. After imposing another round of tariffs on each other last month and cancelled high-level trade talks, Trump signaled his administration won't be heading back to the negotiating table anytime soon. "Can't talk now, because they're not ready," he said of Beijing during trade remarks at the White House.
   
3. General Electric ousted CEO John Flanneryafter just over a year at the top of the company. The surprise move comes just over two months after the company reported profit from its power business dropped 58% in the second quarter. Lawrence Culp, a GE board member and the former CEO of Danaher Corporation, is set to take his place.

And a look at the upcoming economic calendar:

• Automakers release September sales numbers.
• Employment data are out in the US and Canada.