Markets Right Now: Stocks rise on US deal with Mexico
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.
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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.
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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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