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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
Stocks Rise on US Deal With Mexico
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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