Wall Street ends higher after US-Mexico deal to avoid tariffs

Monday, 10. June 2019 22:01

Wall Street stock markets finished the Monday trading session with gains after the United States and Mexico reached a deal over the weekend that resulted in the suspension of tariffs on all Mexican imports that were scheduled to go into effect today. In turn, Mexico pledged to take strong measures to prevent the flow of immigrants from crossing its territory and reaching the southern US border.

US President Donald Trump subsequently thanked Mexico's top officials for reaching the deal, but stressed that the agreement would need to be ratified by the Latin American country's lawmakers.

The Dow Jones was up 0.30% at the closing bell, with Goldman Sachs the best performer. The Nasdaq 100 ended the session 1.14% higher, led by Analog Devices. At the same time, the S&P 500 wrapped up 0.46% in the positive territory, with Macy's leading the way. The euro was 0.13% lower against the dollar to sell for 1.1317 at 4:00 pm ET.

Related Links: 
Breaking the News / FH