Stocks up 0.05% as Dow (DOW) awaits US-China meeting outcomes

AI Summary

On May 11, the Dow Jones Industrial Average increased by 22.37 points, or 0.05%, to reach 49,632.29, while the S&P 500 rose 19.63 points, or 0.27%, to 7,418.56. Investors are awaiting a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which is expected to address ongoing geopolitical issues. The dollar index fell by 0.11% to 97.90, influenced by Trump's rejection of Iran's diplomatic proposals. Oil prices also saw gains, with U.S. crude climbing 2.35% to $97.66 per barrel amid concerns over supply disruptions.