US Stocks Rise Ahead of Trump-Kim Summit

U.S. stocks rose on Monday, driven by gains in Facebook (FB.O) and a handful of healthcare stocks ahead of a highly anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un



Officials from both countries sought to narrow differences on how to end a nuclear stand-off on the Korean peninsula as the stage was being set for the first ever meeting between the two leaders in Singapore on Tuesday.

“No one expects anything concrete to come of the meeting … but if the tone is positive afterwards, it won’t be a headwind for stocks,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York.

via Reuters