Stocks open slightly higher as investors eye Trump-Xi meeting later this week
Stocks opened with small gains Monday as investors looked ahead to a meeting later this week between President Donald Trump and Chinese leader Xi Jinping. Analysts attributed a positive tone to hopes the meeting at the Group of 20 summit in Japan will produce a cease-fire in the U.S.-China trade war. The Dow Jones Industrial Average rose 56.47 points, or 0.2%, to 26,775.60, while the S&P 500 was up 3.69 points, or 0.1%, to 2,954.15. The Nasdaq Composite was 14.48 points higher at 8,046.18. Shares of Caesars Entertainment jumped nearly 15% after the casino operator agreed to a buyout valued at about $8.6 billion buyout by Eldorado Resorts Inc.. Eldorado shares were off 7.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.