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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (83438)	6/10/2019 5:20:47 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95546

Mexico deal extends stock market rally 10-Jun-19 16:20 ET Dow +78.74 at 26062.68, Nasdaq +81.07 at 7823.15, S&P +13.39 at 2886.73 briefing.com [BRIEFING.COM] The S&P 500 advanced as much as 1.1% on Monday, catalyzed by the U.S. and Mexico reaching a deal to avoid tariffs that were scheduled to be imposed today. At its high, the benchmark index was above the 2900 level for the first time since early May, but buying interest cooled off in the afternoon, leaving the S&P 500 up 0.5% for the session. The Dow Jones Industrial Average gained 0.3%, the Nasdaq Composite gained 1.1%, and the Russell 2000 gained 0.6%. President Trump could still reinstate the tariffs, though, if the U.S. thinks Mexico is not doing enough to stop the flow of illegal migration through its borders. Nevertheless, U.S. companies dodged a 5% tariff rate on all goods imported from Mexico, which kept the market in good spirits in addition to sizable M&A activity and decreased demand for U.S. Treasuries. The S&P 500 consumer discretionary (+1.1%), information technology (+1.0%), and financials (+0.9%) sectors, which are among the most heavily weighted sectors in the S&P 500, outperformed the broader market. Consumer discretionary received strong support from shares of Amazon (AMZN 1860.63, +56.60, +3.1%), information technology rose on the back of the semiconductor stocks, and financials benefited from higher Treasury yields amid the decreased demand for the safe-haven asset. The Philadelphia Semiconductor Index increased 2.5%. The higher yields, on the other hand, undercut the performances of the rate-sensitive real estate (-0.3%) and utilities (-0.6%) sectors. The 2-yr yield and the 10-yr yield increased six basis points each to 1.90% and 2.14%, respectively. The U.S. Dollar Index advanced 0.2% to 96.74. WTI crude fell 1.1% to $53.31/bbl. In M&A news, United Technologies (UTX 128.01, -4.14, -3.1%) and Raytheon (RTN 187.12, +1.21, +0.7%) agreed to an all-stock merger of equals, valued at roughly $120 billion. Salesforce (CRM 152.79, -8.48, -5.3%) announced it will acquire Tableau Software (DATA 167.41, +42.20, +33.7%) for $15.7 billion in stock, which represents a 42% premium to DATA's closing price from Friday. Separately, shares of Beyond Meat (BYND 168.10, +29.45) continued to soar, tacking on another 21.2% on Monday. Since pricing its IPO at $25 per share on May 1, the stock has yielded a staggering 572.4% return to shareholders. Monday's lone economic report, the April Job Openings and Labor Turnover Survey, showed that job openings decreased to 7.449 million from a revised 7.474 million in March (from 7.488 million). Looking ahead, investors will receive the Producer Price Index for May on Tuesday. Nasdaq Composite +17.9% YTD S&P 500 +15.2% YTD Russell 2000 +13.0% YTD Dow Jones Industrial Average +11.7% YTD