Stocks Opened Slightly Higher, Oil Prices Rose

U.S. stocks opened slightly higher on Monday, as investors looked ahead to a meeting later this week between President Donald Trump and Chinese leader Xi Jinping.  The Dow Jones Industrial Average lately rose 73.35 points, or 0.27%, to 26,792.48. The S&P 500 was up 1.53 points, or 0.05%, to 2,951.99. The Nasdaq Composite added 5.66 points, or 0.07%, to 8,037.37.

The U.S. oil benchmark rose Monday, extending last week’s strong gains that had been prompted by building tensions between Iran and the United States. August West Texas Intermediate crude rose 43 cents, or 0.7%, at $57.86 a barrel. August Brent crude was down a penny, or less than 0.1%, at $65.19 a barrel.

Del Frisco’s Restaurant Group Inc. (DFRG) announced Monday a deal to be acquired by private-equity firm L Catterton in a cash deal valued at $650 million. Under terms of the deal, Del Frisco’s shareholders will receive $8 for each share Del Frisco’s share they own, which represents a 19% premium to Friday’s closing price of $6.73.

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