Stocks Opened Slightly Higher ahead of Trump-Kim Summit

U.S. stocks opened slightly higher on Monday, shrugging off the weekend’s fractious G7 summit, as investors looked ahead to a meeting between President Donald Trump and North Korea leader Kim Jong Un on Tuesday. The Dow Jones Industrial Average lately gained 15.70 points, or 0.06%, to 25,332.23. The S&P 500 rose 3.66 points, or 0.13%, to 2,782.69. the Nasdaq Composite gained 18.16 points, or 0.24%, to 7,663.67.

Crude-oil prices retreated early Monday, as evidence of Saudi Arabian oil-production increases and a pickup domestically appeared to offset concerns about expected supply disruptions in Iran and Venezuela. July West Texas Intermediate crude lost 85 cents, or 1.3%, to $64.89 a barrel. August Brent crude shed 84 cents, or 1.1%, to $75.63 a barrel.

A group of Takeda Pharmaceutical Co Ltd shareholders is trying to build support to block the $62 billion acquisition of London-listed Shire Plc (SHP.L) at an extraordinary general meeting, a leading member of the group told Reuters on Monday.