Wall Street Edges Higher Ahead of Trump-Kim Meet


“Markets are generally overlooking negative takeaway following this weekend’s G-7 meeting,” said Peter Cecchini, chief market strategist at Cantor Fitzgerald in New York.

At 11:29 a.m. EDT the Dow Jones Industrial Average was down 1.23 points, or -0.00 percent, at 25,315.30, the S&P 500 was up 4.25 points, or 0.15 percent, at 2,783.28 and the Nasdaq Composite was up 11.63 points, or 0.15 percent, at 7,657.14.

The biggest percentage gainer on the S&P 500 was Sempra Energy, which surged 15 percent after two shareholders, including Elliott Management, urged a strategic review of the U.S. utility’s business.

Medical device maker Boston Scientific surged 6.8 percent after the Wall Street Journal reported that rival Stryker Corp had made a takeover approach for the company. Stryker was down 2.3 percent.

Investors are also bracing for monetary policy changes, with three of the world’s top central banks – the U.S. Federal Reserve, the European Central Bank and the Bank of Japan – set to meet this week.


Please enter your comment!
Please enter your name here