U.S. stocks traded in narrow ranges Monday as investors awaited news from the renewed trade talks between Washington and Beijing, as well as key inflation data later in the week.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 45 points, or 0.1%, and the S&P 500 index slipped 3 points, or 0.1%, while the NASDAQ Composite gained 30 points, or 0.2%.
The main averages on Wall Street have continued to gain after ending higher on Friday, fueled by a stronger-than-anticipated U.S. labor market reading for May, although risk appetite was rattled by signs of steadily increasing civil unrest in Los Angeles amid protests against President Donald Trump's immigration policies.
Citigroup (NYSE:C) has raised its year-end S&P 500 target to 6300, with the index having closed above 6000 on Friday for the first time since Feb. 21, driven by "a marginally more constructive fundamental view and an expectation for persistency of the current valuation backdrop."
Source: Investing.com
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