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Stocks Rise on US Deal With Mexico

Dow ends day up 78
By Newser Editors and Wire Services
Posted Jun 10, 2019 3:16 PM CDT
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In this May 30, 2019, file photo trader Craig Esposito, right, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing higher Monday after President Trump suspended plans to impose tariffs on goods imported from Mexico, the AP reports. General Motors gained 1.5% and Ford rose 0.6% after the US 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. (Read more stock market stories.)

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