Markets Right Now: Stocks rise on US deal with Mexico

Business
Craig Esposito

FILE – 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):

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.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Now Trending on KRQE.com

Weather

More Video Forecast

Enter to Win

Don't Miss