(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks drifted between small gains and losses Monday as a dearth of economic data kept trading activity relatively subdued.
The Dow Jones Industrial Average rose 8 points, or 0.3%, to 26727. The S&P 500 lost .17% and the Nasdaq Composite fell 0.32%.
Stocks have rallied in recent weeks and the S&P 500 is on course for its best June in decades as central banks in the U.S. and Europe have talked up further support for stuttering economies. Still, many analysts remain cautious, warning that any signs that trade talks between the U.S. and China are faltering could spark fresh volatility.
President Trump and Chinese President Xi Jinpinghave agreed to meet at the Group of 20 summit in Japan later this week, something that has helped send U.S. stocks on a fresh run higher in recent days.
Earnings and deal news drove swings among individual stocks Monday even as major indexes drifted along in a relatively narrow range.
Caesars Entertainment jumped 15% after rival casino operator Eldorado Resorts agreed to acquire it in a cash-and-stock transaction that will form one of the biggest gambling companies in the U.S.
Bristol-Myers Squibb fell 7.1% after it said it would divest itself of a psoriasis treatment owned by Celgene in an effort to address regulators’ concerns ahead of the two companies’ merger. Celgene shares fell 5.1%.
Elsewhere, the Stoxx Europe 600 edged down 0.3% after the Ifo business-climate index, a measure of German business sentiment, fell to 97.4 points in June—its lowest level since November 2014.
Germany’s DAX index was down 0.5%. Shares of car makers also lost ground after Germany’s Daimler warned second-quarter profits could be hit by expenses related to investigations into vehicles suspected of manipulating diesel emissions.
Trading in Asia was largely muted, with Japan’s Nikkei Stock Average up 0.1% and the Shanghai Composite edging up 0.2%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-06-24/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-index-futures-point-cautiously-higher-as-investors-await-g-20-meeting-2019-06-24/printWSJ:
https://www.wsj.com/articles/global-stocks-advance-to-start-the-week-11561365026Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-23/asia-stocks-to-start-mixed-oil-in-focus-on-iran-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-leads-small-caps-lag-3-dow-stocks-near-buy-points/CNBC:
https://www.cnbc.com/2019/06/24/dow-futures-higher-amid-growing-tensions-between-iran-and-the-us.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-st-edges-higher-as-tech-gains-more-than-offset-healthcare-losses-idUKKCN1TP1FRU.K:
https://uk.reuters.com/article/uk-britain-stocks/britains-ftse-100-steady-sino-u-s-trade-talks-back-in-focus-idUKKCN1TP0MUEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-fall-as-daimler-weighs-sino-u-s-trade-news-awaited-idUSKCN1TP0NCAsia:
https://www.cnbc.com/2019/06/24/asia-markets-us-iran-oil-and-currencies-in-focus.htmlBonds:
https://www.cnbc.com/2019/06/24/us-treasury-yields-lower-amid-tensions-with-iran.htmlCurrencies:
https://www.cnbc.com/2019/06/24/forex-market-potential-fed-rate-cut-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/06/24/gold-jumps-1percent-to-fresh-high-now-at-levels-not-seen-since-august-2013.htmlGold:
https://www.cnbc.com/2019/06/24/gold-jumps-1percent-to-fresh-high-now-at-levels-not-seen-since-august-2013.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
