2018-06-11 16:31:37 UTC
Wall Street edges higher ahead of Trump-Kim meet
(Reuters) - U.S. stocks edged higher on Monday, helped 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.
“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.
And if this first meeting is about tone and not concrete
results the fake news people will whip it quickly into
failure, which is what they report regardless.
“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.