Stocks Rally Off Lows, Nasdaq Closes Positive After White House Hints Canada, Mexico Could Be Exempt From Tariffs - NBC4 Washington
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Stocks Rally Off Lows, Nasdaq Closes Positive After White House Hints Canada, Mexico Could Be Exempt From Tariffs

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    NEWSLETTERS

    White House Chief Economic Adviser Gary Cohn Resigns

    President Donald Trump's top economic adviser, Gary Cohn, resigned Tuesday after butting heads with the president over tariffs. (Published Wednesday, March 7, 2018)

    Stocks closed well off session lows on Wednesday after the White House hinted Canada and Mexico could be exempt from tariffs proposed by President Donald Trump, CNBC reported.

    The Dow Jones industrial average ended 80 points lower after falling more than 300 points. The S&P 500 closed just below breakeven after falling nearly 1 percent. Real estate and tech were the best-performing sectors.

    The Nasdaq composite closed 0.4 percent higher, hitting a session high in late-afternoon trade, as shares of Facebook and Alphabet rose 2.2 percent and 1.3 percent, respectively.

    White House press secretary Sarah Huckabee Sanders said the tariff plan could include carve-outs for Mexico and Canada, two key U.S. trade partners.

    DHS Secretary Defends Practice of Separating Families at Border

    [NATL] DHS Secretary Defends Practice of Separating Families at Border

    Homeland Security Secretary Kirstjen Nielsen defended the practice of separating families at the U.S.-Mexico border, saying that her department is merely following laws. Speaking at a White House briefing Monday, Nielsen said the issue has been growing for years, the product of loopholes that have created an open border.

    (Published Monday, June 18, 2018)