New York, (Reuters) .- The S&P 500 and the Nasdaq climbed at maximum levels on Monday at the close, culminating their best quarter in more than a year, since the optimism in the face of the possibility that the United States reaches commercial agreements with its main partners and possible cuts of rates relieved the uncertainty of investors.
Both indices closed the quarter with two -digit advances.
Commercial agreements with China and the United Kingdom have fed the optimism that a total world worldwide can be reduced, with the hope that more pacts will be reached before the deadline of July 9 of President Donald Trump.
According to preliminary closing data, the S&P 500 added 0.49%, to 6203.31 points, the NASDAQ gained 0.48% to 20,369.73 units and the Dow Jones added 0.59% to 44,077.26 points.
Canada eliminated his digital services tax on Sunday aimed at US technology companies, just a few hours before he entered into force, in an attempt to advance in the stagnant trade negotiations with the United States.
Lee: Trump, optimistic, affirms that the draft spending law progresses well, while the vote continues
The tax cut and expenses bill of President Donald Trump advanced just over the weekend in a procedure vote to open the debate on the proposed legislation, but so far the reaction in the bond market has been moderate.
On Monday, the Senate Republicans will try to approve the bill despite the divisions within the party on its foreseeable impact of 3.3 billion dollars to the country’s debt battery.
Inspy, discover and share. Follow us and find what you are looking for on our Instagram!
