(Bloomberg) -- President Donald Trump’s agreement with European Commission President Jean-Claude Juncker pushed seven S&P 500 Index member stocks up more than one percent in the closing 18 minutes of the trading day.
ADVERTISEMENT
Deere & Co., the world’s biggest tractor maker, surged by more than 2.3 percent following the news. Brown-Forman Corp., which has been squeezed due to its Jack Daniels whiskey being caught in the tariff crossfire, was up 1.3 percent.
ADVERTISEMENT
The report, citing an unnamed European Union official, said Juncker had agreed to work with Trump on expanding exports of U.S. liquefied natural gas, lower industrial tariffs on both sides, and import more American soybeans.
©2018 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
Stock Market Live: Nifty, Sensex Off Lows As HDFC Bank, RIL Lead Gains
2
Manufacturing PMI Eases In April, But Still Indicates Strong Expansion
3
Oil Rises After Dropping To Seven-Week Low On US Inventory Gain
4
Asian Stocks Climb After Fed, Yen Resumes Losses: Markets Wrap
5