The S&P 500 and Nasdaq stock indexes fell from record highs on Monday as uncertainty about progress in U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a jump in Boeing shares helped the Dow Jones Industrial Average eke out a slim gain.
Investor hopes of a “phase one” trade deal have been a key factor supporting stocks recently, but Trump said on Saturday that the United States would only make a trade deal if it was the “right deal” for America, adding that the talks had moved more slowly than he would have liked.
The Dow Jones Industrial Average rose 10.25 points, or 0.04%, to 27,691.49, the S&P 500 lost 6.07 points, or 0.20%, to 3,087.01 and the Nasdaq Composite . dropped 11.04 points, or 0.13%, to 8,464.28.
Shares of Boeing Co jumped 4.5% to $366.96 after the planemaker said it expected U.S. regulators to approve the return to commercial service of its grounded 737 MAX jet in the coming weeks, and expects commercial service to resume in January.
Source : Reuters