Market News and Commentary August 27

Trump Announces ‘Incredible’ Trade Deal With Mexico. U.S. crude rises 15 cents, settling at $68.87, as trade worries, rising output cap gains. World stock index at highest in over 5 months on trade deal. John McCain, in final message before death, says ‘do not despair of our present difficulties.’ Markets may be signaling rising recession risk: Fed study. Dow jumps more than 250 points, Nasdaq hits 8,000 as U.S. and Mexico strike trade deal.

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