At midday, stocks are squarely in the green as the market breathes a sigh of relief after the United States and Mexico reached a deal that avoids import tariffs on Mexican goods.
“The decision not to impose tariffs on Mexico also suggests to us a lower probability of tariffs on additional imports from China or on auto imports from the EU and Japan,” wrote Goldman Sachs economist Alec Phillips.
But it’s not all that peachy. M&A announcements from the weekend and this morning are weighing on some shares.
Raytheon is up 2.3%.