BUSINESS Nasdaq passes 8,000-point threshold for first time

BUSINESS

Nasdaq passes 8,000-point threshold for first time

AFP

22:25, August 27, 2018

Wall Street's tech-heavy Nasdaq Composite Index passed the 8,000-point mark for the first time on Monday, underscoring an equities rally driven by optimism from US trade negotiations with Mexico.

The Nasdaq passed the threshold at 1359 GMT and was up 0.8 percent at 8,012.03 shortly after 1400.

Stocks have rallied Monday, adding to Friday's records, as US and Mexican negotiators in Washington signal they are closing in on a preliminary deal to rewrite the North American Free Trade Agreement.

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