Producers of metals and other raw materials were higher amid economic optimism.
The U.S. prevailed over Canada in a long-running dispute over Canadian policies aimed at shielding its dairy industry from American competition, according to a ruling published Tuesday from the first dispute resolution panel under the new U.S.-Mexico-Canada Agreement.
The USMCA panel ruled that Canada's policies violated its obligations under the trade deal between the three countries, which was agreed upon in 2018 and took effect in 2020. Canada has until Feb. 3 to bring its policies into compliance, or else face possible tariffs or other countermeasures from the U.S.
Meanwhile, Scotts Miracle-Gro said it is maintaining its full-year adjusted earnings outlook, though the company expects a 40% decline in Hawthorne sales during the fiscal first quarter due to a slowdown in the cannabis market and supply chain issues.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
01-04-22 1703ET
