S & P 500 records its longest winning streak since early April

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & P 500 (^ GSPC) increased by 0.47%, or 13.39 points, at the close of the market. The five-session rally in the index marks the longest consecutive streak of wins since its 8 consecutive earnings sessions ending on April 8th. The Dow (DJI) rose 0.3%, or 78.74 points, and was up for a sixth consecutive session. The Nasdaq (^ IXIC) increased 1.05%, or 81.07 points. "data-reactid =" 16 "> The S & P 500 (^ GSPC) gained 0.47%, or 13.39 points, as markets close, with the five-session rally of the index the longest winning streak since The Dow (^ DJI) edged up 0.3%, or 78.74 points, for a sixth consecutive session, while the Nasdaq (^ IXIC) rose 1.05%, or 81.07 points.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The general feeling about the risk thrown on the assets of paradise , with & nbsp;treasures& nbsp; and gold prices (GC = F) every Monday afternoon below. Both the Japanese yen (JPY = X) and the Swiss franc (CHFUSD = Xdata-reactid = "17"> The general sentiment of risk has reduced the holdings of the havens, with Treasury bills and gold prices (GC = F) every Monday down. The Japanese yen (JPY = X) and the Swiss franc (CHFUSD = X) weakened against the US dollar.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Trump on Fridays & nbsp;announced that the United States would be "indefinitely"& nbsp; cease plans to impose tariffs starting from 5% from Mexico, in return for a stricter application on immigration. Trump also said that Mexico had agreed to "immediately start buying large quantities of agricultural products" from American farmers, who were struggling despite the protectionist measures of the administration. The Mexican peso extended its gains against the US dollar (USDMXN = X) Monday morning after the announcement. "Data-reactid =" 18 "> Trump announced Friday that the United States would" indefinitely "stop the project to impose a 5% tariff on goods from Mexico, in return a reinforcement of Trump immigration also said that Mexico had agreed to "immediately begin to buy large quantities of agricultural products" from US farmers, who struggled despite the protectionist measures taken by the United States. The Mexican peso extended its gains against the US dollar (USDMXN = X) Monday morning after the announcement.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[More:[More:[Plus:[More:Trump seems unwilling to let the stock market below this level]"data-reactid =" 19 ">[More:[More:[Plus:[More:Trump seems unwilling to let the stock market below this level]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The initial decision to slap customs duties on imports Mexican at the end of May had & nbsp;financial markets in ruins, investors looked at the far-reaching implications for companies operating south of the border – as well as the prospect of additional tariffs on products from other US trading partners. "data-reactid =" 20 "> The initial decision to apply tariffs on Mexico At the end of May, imports had shaken the financial markets, as investors looked at the considerable implications for companies operating south of the border – as well as on the prospects for new tariffs on goods from other US trading partners.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The latest Trump announcement also paves the way for the United States United States Trade Agreement between Canada and Canada, or & nbsp;USMCA, data-reactid = "21"> Trump's latest announcement also paves the way for the trade agreement between the United States, Mexico and Canada, or USMCA.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, the Trump administration will still have to win the support for the agreement of Democratic legislators, skeptical about certain aspects of the agreement & nbsp;including how it will be applied. "data-reactid =" 22 "> However, the Trump administration will still have to get the support of the agreement of the Democratic legislators, who are skeptical about certain aspects of the agreement, including how it will be applied.

The markets welcomed the reduction in the tariff threat weighing on imports from Mexico on Monday, but this move only dissipates a source of uncertainty amid the multinational trade disputes of the Trump administration. .

"Even though Mexican tariffs are now excluded from the table, the risks for the economy lie in the continuation of escalating trade, as the impact of tariffs on the rest of Chinese products and the new tariffs on European vehicles would probably have a greater effect on economic growth. Said in a note Jason Pride, director of private wealth management investments at Glenmede.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Monday, Trump & nbsp;on CNBC& nbsp; reiterated its predilection for tariffs as a preferred means of policy development. "data-reactid =" 25 "> On Monday, Trump of CNBC reiterated his predilection for rates as the preferred means of policy development.

"People have not used tariffs, but fares are a good thing when you're a piggy bank, when you have all the money, everyone is trying to get it," Trump said in an interview with CNBC's Squawk Box.

Mergers and Acquisitions

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Salesforce (CRM, -5.25%) on Monday ad it will be the purchase Data Analysis Software Editor Table (THE DATA, + 33.68%) on a contract valued at $ 15.7 billion. "Data-reactid =" 28 ">Salesforce (CRM, -5.25%) on Monday ad it will be the purchase the data analysis software vendor Tableau (DATA, + 33.68%) signed a contract worth a total of $ 15.7 billion.

In the transaction for all shares, each share of Class A and Class B shares would be exchanged for 1,103 common shares of Salesforce. The transaction is expected to close in the third fiscal quarter of Salesforce, which will be completed in October, following which Tableau will continue to operate independently and remain based in Seattle.

Salesforce expects the deal to reduce adjusted earnings per share for the full year 2020 to 39 cents from $ 2.51 to $ 2.53. The company now records an annual turnover of between $ 16.45 and $ 16.65 billion.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "United Technologies (UTX, -3.13%) will combine its aerospace unit with Raytheon (RTN, + 0.68%) to create a new company worth about $ 121 billion, & nbsp;both& nbsp; companies & nbsp;ad& nbsp; Sunday. The merged company, Raytheon Technologies Corporation, will generate pro forma 2019 revenue of approximately $ 74 billion and is expected to earn between $ 18 billion and $ 20 billion of capital to shareholders in the first three years of completion of the transaction. "Data-reactid =" 31 ">United Technologies (UTX, -3.13%) will combine its aerospace unit with Raytheon (RTN, + 0.68%) to create a new company worth about $ 121 billion, announced Sunday the two companies. The merged company, Raytheon Technologies Corporation, will generate pro forma 2019 revenue of approximately $ 74 billion and is expected to earn shareholders $ 18 billion to $ 20 billion in capital during the first three years of completion of the transaction. .

Under the terms of the transaction, Raytheon's shareholders would each receive 2,3348 shares of the amalgamated company for each Raytheon share. United Technologies shareholders will own approximately 57% of the new combined business.

The story continues

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tilray (TLRY, + 11.19%) announced Monday that he had reached an agreement& nbsp; prolong the blockage and facilitate the orderly release of the 75 million shares held by Privateer Holdings, the largest shareholder of the Canadian Cannabis Society. The transaction will allow Privateer Holdings, which holds approximately 77% of the outstanding shares of Tilray, to become a wholly owned subsidiary of Tilray. "Data-reactid =" 37 ">Tilray (TLRY, + 11.19%) announced Monday that he had reached an agreement to extend the blockage and facilitate the orderly release of the 75 million shares held by Privateer Holdings, the largest shareholder of the Canadian Cannabis Society. The transaction will allow Privateer Holdings, which holds approximately 77% of the outstanding shares of Tilray, to become a wholly owned subsidiary of Tilray.

During the first year following the closing of the merger, Privateer will only dispose of its interests in certain circumstances to institutional or strategic investors at Tilray's discretion. The remaining shares will then be subject to a staggered release the second year after the closing of the transaction.

The letter of intent for the transaction was unanimously approved by the boards of directors of both companies, according to a statement. Tilray's CEO, Brendan Kennedy, co-founded Privateer and is the executive chairman.

More

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read the latest financial and commercial news from Yahoo Finance"data-reactid =" 53 ">Read the latest financial and commercial news from Yahoo Finance

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 55 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck

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