Stocks creep higher ahead of the big North Korea summit, just hours away. Plus, a G7 blowup straight into high stakes with North Korea. Will Trump see a reversal of fortunes? And what’s the trade? And, Amazon is pushing more goodies for prime members. We have the latest. Plus, it’s another blow for bitcoin as Wells Fargo bans credit purchases. Is it a blow for crypto? Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include Applied Optoelectronics as Rosenblatt Securities initiates coverage of the fiber optic company with a ‘sell’ rating amid worries of a price war; PG&E as Cal Fire released a second damaging report indicating the company’s equipment was involved in 12 Northern California wildfires; and CRISPR Therapeutics, with shares getting hammered as two separate studies claim the company’s gene editing therapies inadvertently increase the risk of cancer in patients.
Stocks in the green include Envision Healthcare as private-equity giant KKR reached a deal to buy the healthcare company for about $5.5 billion; Match Group on a Jefferies upgrade to Buy, claiming the recently announced Facebook dating app will cause only minimal long-term impact; and Southwest Airline, with shares getting a boost here on the back of a positive Barron’s piece over the weekend. Recall shares have been dropping since April following a passenger’s death on a plane where an engine broke apart mid-flight.