Stock-index futures point cautiously higher as Trump-Xi meeting looms
Stock-index futures pointed to a higher start for Wall Street Monday, building on the previous week’s gains, as investors look ahead to a meeting on Friday and Saturday this week between President Donald Trump and Chinese leader Xi Jinping, while also tracking tensions between the U.S. and Iran.
Other geopolitical concerns also remain in focus, with the U.S. planning to impose new sanctions on Iran despite a diplomatic push by European leaders to tone down tensions between Washington and Iran. The U.S. has blamed Iran for attacks on tankers near the Strait of Hormuz, while Iran last week shot down a U.S. drone. Trump on Friday said he canceled a retaliatory strike against Iran.
Shares of Caesars Entertainment Corp. CZR, +0.00% jumped nearly 13% in premarket trade after the casino operator agreed to be bought out by Eldorado Resorts Inc. ERI, -2.85% in a deal that values the casino operator at $8.6 billion. Eldorado shares were off 7% ahead of the opening bell.
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