Stocks add to recent rally after Mexican tariffs avoided Stocks have furthered their recent rally, with the S&P advancing for a fifth straight session after President Donald Trump announced late Friday that he was dropping his plans to enact tariffs on Mexico. While the trade fight continues with China, the fact that one front has been eliminated is being viewed positively by the market. ECONOMIC EVENTS: In the U.S., the JOLTS report showed that job openings dropped 25,000 to 7.45M in April. TOP NEWS: Raytheon (RTN) and United Technologies (UTX) announced a mega-merger to combine in an all-stock deal to create Raytheon Technologies Corporation. The newly formed company will exclude Otis and Carrier, which are expected to be separated from United Technologies in the first half of 2020, as previously announced. Upon completion of the deal, United Technologies shareowners will own approximately 57% and Raytheon shareowners will own approximately 43% of the combined company. Following the merger-of-equals announcement, United Tech shares are down 2% while Raytheon shares have advanced 1%. In other M&A news, Salesforce (CRM) announced an agreement to acquire Tableau Software (DATA) in an all-stock transaction having an enterprise value of $15.7B. After that deal was announced, Tableau shares have jumped 35% while Salesforce shares are down about 5% near noon. MAJOR MOVERS: Among the noteworthy gainers was Tilray (TLRY), which rose 17% after announcing that it has signed a non-binding letter of intent with its largest stockholder Privateer for a transaction that will extend the lock-up on and provide for the orderly release of the 75M Tilray shares held by Privateer to Privateer's equity holders. Also higher was Pareteum (TEUM), which gained 19% after analysts from Oppenheimer and Lake Street said that the selloff from a recent short report on the stock represents a buying opportunity. Among the notable losers was Insys (INSY), which dropped 49% after announcing that the company has filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in the District of Delaware to facilitate the sale of substantially all of the company's assets and address the company's legacy legal liabilities. Also lower was Spark Therapeutics (ONCE), which fell 7.5% after announcing the UK Competition and Markets Authority has opened an investigation in order to obtain further information in relation to Roche's (RHHBY) proposed acquisition of the company. INDEXES: Near midday, the Dow was up 169.36, or 0.65%, to 26,153.30, the Nasdaq was up 132.15, or 1.71%, to 7,874.25, and the S&P 500 was up 26.23, or 0.91%, to 2,899.57. Symbols: $UTX $RTN $DATA $CRM $TLRY $TEUM $INSY $ONCE $RHHBYSource: (thefly.com)