U.S. stocks closed modestly higher on Monday, ahead of a highly anticipated summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore and a litany of potentially market-moving central-bank meetings. The S&P 500 index closed 2.99 points, or 0.1% higher to 2,782.02, with consumer staples and telecoms shares leading gains. The Dow Jones Industrial Average eked out a small gain, rising 5.78 points to 25,322.31, extending the winning streak to fourth straight session. The tech-heavy Nasdaq Composite index advanced 14.41 points, or 0.2% to 7,659.93. Among the best performers on the S&P 500, shares of Sempra Energy surged 13%, after activist investors Elliott Management and Bluescape Resources revealed a "value creation" strategy in a letter to Sempra management team.
Read the full story: Stock market books modest gain ahead of Trump-Kim summit, central-bank parade