News,

Topics Trending In The Stock Market On June, 10

Futures for all three of the major indices are up Monday after President Donald Trump announced that the U.S. and Mexico reached a deal. Dow futures were more than 200 points higher after Trump confirmed that he would not be imposing a 5% tariff on Mexican goods.

United Technologies Corp. agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co. and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger.

FANG — Wall Street’s widely used acronym for Facebook, Amazon, Netflix and Google parent Alphabet — has lost nearly half a trillion dollars in market value since each stock’s 52-week high. Alphabet has been the biggest loser, shedding $173 billion since April.

 

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