Major US stock indexes ended the session in different directions, as the fall in industrial goods sector quotes offset the growth of technology stocks against the background of signs of progress between China and the United States in resolving the trade dispute.
The US and China began another round of trade negotiations with a telephone conversation between US Treasury Secretary Mnuchin, the White House Trade Representative for Laytheiser and Chinese Vice Premier Liu He. This showed that the dialogue between the two countries on trade issues continues, despite a diplomatic dispute over the arrest of the Chief Financial Officer of Huawei.
Oil prices rose moderately, helped by rising global stocks and disruptions in production in Libya. In Libya, the National Oil Company (NOC) announced a force majeure on Monday for export from the El Sharara oil field, the largest in the country, which was seized last weekend by a group of militants. NOC said that the shutdown would result in a loss of production of 315,000 barrels per day and an additional loss of 73,000 barrels per day at the El Feel field.
Most of the components of DOW recorded a decline (16 of 30). The Travelers Companies, Inc. shares turned out to be an outsider. (TRV, -1.65%). The growth leader was NIKE, Inc. (NKE, + 1.46%).
Most sectors of the S & P finished trading in the red. The industrial goods sector fell the most (-0.7%). The growth leader was the technology sector (+ 0.4%).
At the time of closing:
Dow 24,370.24 -53.02 -0.22%
S & P 500 2,636.78 -0.94 -0.04%
Nasdaq 100 7,031.83 +11.31 + 0.16%