06/10/2019

Stocks moved higher to begin the week, with every major index finishing in positive territory. In economic news, the U.S. and Mexico reached a deal to avoid tariffs, while jobs creation slowed dramatically in May.

Here’s a look at how the major indices finished the day:

 

Dow Jones +78 at 26,062

S&P 500 +13 2,886

NASDAQ +81 at 7,823

 

The 10 Year Treasury closed up 5 basis points yielding 2.83%

Oil prices closed down $0.67 ending at $53.32 a barrel

Gold prices closed down $13 ending at $1,332 an ounce

 

In the days’ stock news:

  • United Technologies and Raytheon have announced a stock swap merger, with Raytheon shareholders receiving 2.3348 shares for every share they currently own
  • com is set to buy analytics platform company Tableau Software in an all-stock deal
  • Dish Network announced they are open to merging its satellite TV business with AT&T’s DirecTV unit
  • American Airlines announced it is extending cancellations of flights involving Boeing’s grounded 737 Max jet through September 3rd
  • Redfin was upgraded at Stephens, which based this upgrade on valuation and the prospects for more e-commerce offerings in the real estate space