NEW YORK (AP) — U.S. stocks mostly fell Monday as uncertainty continues to hang over U.S.-China trade talks, or at least over investors’ perception of them.
The stock market has been rallying for five weeks in part on optimism that the United States and China are nearing a stopgap deal to calm their dispute. However, President Donald Trump said during the weekend that reports about U.S. willingness to lift tariffs were “incorrect,” only two days after a Chinese official said both sides agreed to rollbacks if talks progress.
Stocks dropped as soon as trading began Monday, and the S&P 500 lost as much as 0.6 percent from its record level, though indexes pared their losses as the day progressed.
By the end of trading, the S&P 500 was down 6.07 points, or 0.2 percent, at 3,087.01. The Nasdaq composite slipped 11.04, or 0.1 percent, to 8,464.28.
The Dow Jones Industrial Average was an outlier and eked out another record, in large part because of a big gain for Boeing. It added 10.25 points, or less than 0.1 percent, to 27,691.49.