Stocks mostly rise following meeting of Trump and Kim

The Associated Press

NEW YORK — Stocks mostly rose in a quiet Tuesday session, as investors reacted calmly to the outcome of a meeting between President Donald Trump and North Korean leader Kim Jong Un and turned their attentions to this week’s trio of central bank meetings.

The Standard & Poor’s 500 index rose 4.85 points, or 0.2 percent, to 2,786.85, closing at its highest level since Feb. 1. The Nasdaq composite added 43.87 points, or 0.6 percent, to 7,703.79 and the Dow Jones industrial average fell 1.58 points, or less than 0.1 percent, to 25,320.73. The Russell 2000, an index that makes up mostly small companies, rose 7.62 points, or 0.5 percent, to 1,682.30.

Both the Russell and the Nasdaq set new record highs.

Mr. Trump and Mr. Kim concluded their summit by committing to working “toward complete denuclearization of the Korean Peninsula” and to “build a lasting and stable peace regime” on the peninsula.

The broad promises largely reiterated past agreements, while many of the details were left vague and there was no agreement on ending the technical state of war between North and South Korea. A potential deal has the chance of lowering geopolitical tensions in a region surrounded by three of the world’s largest economies: Japan, Chinaand South Korea.

Following the summit, shares of weapons makers and defense contractorswere among the biggest de-