Capital One and Discover Stocks Rise. Why It's a Green Light for More Mergers.
1. COF and DFS stocks rose following a major merger approval. 2. U.S. regulators approved a $35 billion merger between major credit-card issuers. 3. The merger creates the sixth-largest U.S. bank, easing future regulatory challenges. 4. There is speculation that the Trump administration favors fewer regulatory hurdles. 5. The S&P 500 futures declined as investors expressed concern over trade tensions.