Markets Right Now: Stocks rise on US deal with Mexico

Posted on Monday, June 10th, 2019 By The Associated Press

Craig Esposito
In this May 30, 2019, file photo trader Craig Esposito, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 7. (AP Photo/Richard Drew, File)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4:00 p.m.

Stocks are closing higher Monday after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico.

General Motors gained 1.5% and Ford rose 0.6% after the U.S. and Mexico struck a deal on immigration that avoided the tariffs.

Technology stocks rose, with Apple up 1.3%. Banks rose as bonds fell and the yield on the 10 year Treasury jumped to 2.14%.

Raytheon posted a 0.7% gain while United Technologies fell 3.1% after they struck a deal to create a defense and aerospace giant.

The S&P 500 index rose 13 points, or 0.5%, to 2,886. The index rose 4.4% last week, its best weekly performance of 2019.

The Dow rose 78 points, or 0.3%, to 26,062. The Nasdaq gained 81 points, or 1.1%, to 7,823.

_________

11:55 p.m.

Stocks are rising at midday Monday after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico.

General Motors gained 2.6% and Ford rose 1.9% after the U.S. and Mexico struck a deal on immigration that avoided the tariffs.

Technology stocks rose, with Apple up 2.5%. Banks rose as bonds fell and the yield on the 10 year Treasury jumped to 2.14%.

Raytheon posted a 2.3% gain while United Technologies fell 1.5% after they struck a deal to create a defense and aerospace giant.

The S&P 500 index rose 29 points, or 1%, to 2,902. The index rose 4.4% last week, its best weekly performance of 2019.

The Dow rose 201 points, or 0.8%, to 26,185. The Nasdaq gained 144 points, or 1.9%, to 7,886.

___

9:35 a.m.

Stocks are rising Monday as investors welcome a deal between the U.S. and Mexico that avoids the imposition of tariffs.

General Motors gained 2.3% and Ford rose 2.5% after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico, including autos.

Technology stocks rose, with Apple up 1.3%. Banks rose as bonds fell and the yield on the 10 year Treasury jumped to 2.13% from 2.08% Friday.

Raytheon and United Technologies struck a deal to create a defense and aerospace giant with annual sales of $74 billion. Raytheon posted a small gain while United Technologies fell slightly.

The S&P 500 index rose 19 points, or 0.7%, to 2,892. The index rose 4.4% last week, its best weekly performance of 2019.

The Dow Jones industrials rose 174 points, or 0.7%, to 26,158. The Nasdaq gained 80 points, or 1%, to 7,822.

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