Aug 27, 2018 - Economy

Nasdaq hits 8,000 for first time ever

A trader stands on the floor of the New York Stock Exchange.

Photo: Spencer Platt/Getty Images.

The tech-laden Nasdaq broached the 8,000 mark for the first time ever after reports that the U.S. and Mexico struck a partial NAFTA deal. The Dow also rose above 26,000 for the first time since February, CNBC reports.

Why it matters: This is the latest example of investors reacting to good news on the trade front, which has been considered a headwind for the markets.

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