The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed...
NEW YORK - The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump’s meeting with Chinese President Xi Jinping at the G20 summit this week.
Market players hope Trump and Xi will de-escalate the trade war that has been blamed for a global economic slowdown. The Dow Jones Industrial Average rose 8.41 points, or 0.03%, to 26,727.54, the S&P 500 lost 5.11 points, or 0.17%, to 2,945.35 and the Nasdaq Composite dropped 26.01 points, or 0.32%, to 8,005.70.
Caesars Entertainment Corp jumped 14.5% on news that rival Eldorado Resorts Inc had agreed to buy the casino operator for $8.5 billion. Eldorado dropped 10.6%.
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