Wall St. takes a pause in wait for Fed news, trade progress
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FILE PHOTO: Traders work on the main trading floor of New York Stock Exchange (NYSE) after the opening bell of the trading session in New York City, New York, U.S., July 25, 2019. REUTERS/Brendan McDermid
(Reuters) - U.S. stocks stepped back from peak levels on Monday as investors took a breather as they anticipated a U.S. Federal Reserve interest rate cut this week and looked for signs of progress from U.S.-China trade negotiations, currently under way in Shanghai.
The Dow Jones Industrial Average <.DJI> rose 28.96 points, or 0.11%, to 27,221.41, the S&P 500 <.SPX> lost 4.88 points, or 0.16%, to 3,020.98, and the Nasdaq Composite <.IXIC> dropped 36.88 points, or 0.44%, to 8,293.33.
(Reporting by Stephen Culp; Editing by Leslie Adler)
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