U.S. markets opened slightly higher as there was little reaction to the contentious G-7 meeting over the weekend, despite President Trump leaving early and while highlighting the divisiveness over the trade disputes among the allies.
Trading was choppy afterwards with a slight pullback as Wall Street turned its focus towards the upcoming U.S.-North Korea summit.
However, upside momentum resumed after the White House said negotiations are ahead of schedule, which may bode well for a plan to de-nuclearize the Korean peninsula.
The Russell 2000 rose 0.3% following a run to 1,674 and coming within 5 points of its all-time high set the previous session.
The Nasdaq was up 0.2% after reaching a midday peak of 7,677 while coming within 20 points of a fresh all-time high.
The Russell 2000 added 0.1% following the morning run to 1,677 while missing another record high by just over 2 points.
The S&P 500 gained 0.1% after testing a high of 2,790 with major resistance at 2,800 holding.
The Dow was up for the 6th-time in 7 sessions after rising nearly 6 points, or 0.02% while tapping 25,402 intraday.
Apache (APA) upgraded to Buy from Hold at Argus
Match Group (MTCH) upgraded to Buy from Hold at Jefferies
First Data (FDC) upgraded to Buy from Neutral at Goldman Sachs
Nektar (NKTR) downgraded to Neutral from Buy at H.C. Wainwright
NXP Semiconductors (NXPI) downgraded to Hold from Buy at SunTrust
SemGroup (SEMG) downgraded to Market Perform from Outperform at Wells Fargo
Tuesday’s earnings reports (EST):
Before the open: Casey’s General Stores (CASY), Land’s End (LE)
After the close: Digital Turbine (APPS), H&R Block (HRB), Oxford Industries (OXM), Pivotal (PVTL), Science Applications International (SAIC), WSI Industries (WSCI)
UPCOMING ECONOMIC NEWS
Tuesday’s economic reports (EST):
No major announcements
METALS / OIL
Gold closed at $1,303.20 an ounce, up $0.20
Silver settled at $16.95 an ounce, up $0.21
Copper finished at $3.25 a pound, down $0.05
Crude Oil is at $66.04 a barrel, down $0.26
Bitcoin Investment Trust (GBTC) ended at $11.70 down $1.00
Make it a great day!
QUOTE OF THE DAY