Wall Street Rises Ahead of Trump-Kim Summit


“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 12:59 ET, the Dow Jones Industrial Average was up 73.98 points, or 0.29 percent, at 25,390.51, the S&P 500 was up 10.14 points, or 0.36 percent, at 2,789.17 and the Nasdaq Composite was up 26.14 points, or 0.34 percent, at 7,671.65.

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 9.5 percent after the Wall Street Journal reported that rival Stryker Corp had made a takeover approach for the company. Stryker was down 3.5 percent.

UnitedHealth rose 1.6 percent, providing the biggest boost to the Dow.

Ten of the 11 major S&P sectors were higher, led by a 1.3 percent gain in the telecom sector. AT&T rose 1.9 percent, a day ahead of a court ruling on proposed Time Warner deal.


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