"Both the U.S. economy and the Mexican economy would have been worse off had the tariffs been imposed," said David Kass, professor of finance at the University of Maryland. "Investors are also optimistic today in the hope that the trade war with China will also be resolved in the near future," Kass said.U.S. automakers, which have long built vehicles in Mexico, traded higher, with General Motors Co gaining 2.4% and Ford Motor Co 1.1%. United Technologies Corp was down 2.3%, while Raytheon Co was up 2.1%.At 10:24 a.m. ET, the Dow Jones Industrial Average was up 165.45 points, or 0.64%, at 26,149.39.

Source: Economic Times June 10, 2019 15:00 UTC