U.S. stocks cut losses on Monday after comments from White House economic adviser Larry Kudlow calmed nerves over the outcome of scheduled high-level trade talks with China later in the week, with chipmaker Nvidia buoying the tech-heavy Nasdaq index.
It was possible that the two sides could make progress during the talks in Washington and the United States was open to looking at Beijing's proposals, Kudlow told reporters.
That helped Wall Street's three main indexes pare losses from the opening, with the Nasdaq reversing course to trade higher.
At 11:22 a.m. ET, the Dow Jones Industrial Average was down 15.64 points, or 0.06%, at 26,558.08, the S&P 500 was down 0.96 points, or 0.03%, at 2,951.05 and the Nasdaq Composite was up 8.68 points, or 0.11%, at 7,991.15.
Source : Reuters
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