Stocks Rally Off Lows, Nasdaq Closes Positive After White House Hints Canada, Mexico Could Be Exempt From Tariffs - NBC 10 Philadelphia
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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.

    California Dispensary Introduces Pot Vending Machine

    [NATL] California Dispensary Introduces Pot Vending Machine

    A dispensary in Santa Cruz, Calif., has a new quick and easy way to purchase legal recreational marijuana.

    (Published 2 hours ago)