U.S. stock benchmarks traded lower late-morning Monday as investors' optimism for a near-term U.S.-China trade deal waned after President Donald Trump played down his willingness to remove tariffs on Chinese imports.
Meanwhile, bond markets were closed for Veterans Day. Investors were awaiting speeches from President Donald Trump and Federal Reserve Chairman Jerome Powell later in the week.
The Dow Jones Industrial Average fell 108 points, or 0.4%, to 27,573, the S&P 500 index declined 10 points, or 0.3%, at 3,083, while the Nasdaq Composite Index fell 23 points to reach 8,452, a decline of 0.3%.
On Friday, the Dow added 6.44 points, or 0.02% to close at a record of 27,681.20, the S&P 500 advanced 7.90 basis points, or 0.26%, to seize a fresh closing high of 3,093.08. The Nasdaq rose 40.80 points, or 0.48%, at 8,475.31, another record.
Source : MarketWatch