The Columbus Dispatch

Stocks stay put after late selling

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A listless day on Wall Street ended Monday with major indexes closing little changed as modest gains from earlier in the afternoon faded in the final minutes of trading.

The S&P 500 index slipped less than 0.1%, while the Nasdaq inched 0.1% lower. The Dow Jones Industrial Average notched a 0.1% gain. The stock indexes spent most of the afternoon holding on to slight gains following a wobbly morning in the market as investors digested some weak economic figures out of Germany.

Losses in the health care, communicat­ion services and industrial sectors outweighed gains in technology stocks, consumer-centric companies and banks. Bond yields declined, a sign that investors were seeking to avoid some risk.

Even so, Monday was a relatively quiet day for stocks after last week, when the Federal Reserve lowered interest rates again and fresh jitters over the next round of negotiatio­ns in the trade conflict between the U.S. and China helped give the S&P 500 its first week of losses following three straight gains.

The major indexes are each up modestly for the month and the quarter. The benchmark S&P 500 index remains close to its all-time high set in late July.

Bond prices rose, pulling down the yield on 10-year Treasury notes to 1.72% from 1.75% late Friday.

Several companies could provide a clearer picture this week of the impact that the trade dispute is having on their business.

Nike, which could be a gauge of the trade war's effect on shoemakers and retailers, will report fiscal first quarter results Tuesday. Technology company Micron will report its fiscal fourth quarter results on Thursday.

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