Stocks fell on Friday, erasing earlier gains, as Wall Street concluded a volatile month.
The Dow Jones Industrial Average traded 12 points lower, or 0.04%. The S&P 500 dipped 0.15% while the Nasdaq Composite traded 0.5% lower. The 30-stock Dow rallied more than 150 points earlier in the day amid optimism around U.S.-China trade relations.
Still, recent U.S. economic data has been strong. U.S. consumer spending rose 0.6% in July, the Commerce Department said Friday, topping a Reuters estimate of 0.5%. Meanwhile, consumer confidence remains near its highest level in nearly 20 years.