Stock Market Update for Monday, June 11th, 2018
Stocks finished higher ahead of tonight's historic meeting with President Trump and North Korean leader Kim Jong Un.
The President is scheduled to meet with Kim Jong Un this evening around 9:00 pm ET.
We'll see how the outcome of the meeting impacts stocks. But its already helping local markets in in Singapore (where the meeting will take place). Local businesses are making the most of the event and turning the meeting into a marketing frenzy.
Restaurants and bars in Singapore have rolled out dishes and drinks based on tomorrow’s summit between Donald Trump and Kim Jong-Un.
How about a "Trump-Kim Burger" or "Rocket Man Taco?" - Only in Singapore!
Here's where the major indices ended the day:
- The S&P finished with 0.1% gain. Up 3 points, the S&P ended at 2,782.
- The DOW ended flat. Adding just 6 points, the DOW closed at 25,322.
- The NASDAQ was up 0.2%. With a 14 point gain, the NASDAQ finished at 7,660.
- Bitcoin ended 11.7% lower. Dropping $900, Bitcoin is trading at $6,765.
Crude Oil (CL) finished higher today, bouncing make from last week's losses. Down Up 0.6%, CL ended at $66.11 a barrel.
Once the meeting with President Trump and Kim Jong Un is out of the way, traders will turn their attention towards this week's Fed Meeting, with the Fed Statement released this Wednesday at 2 pm ET.
Here's the economic calendar for this week:
Real Time Economic Calendar provided by Investing.com.
This Stock Market Update was provided by Rockwell Trading Services LLC.