Wall St. takes a pause in wait for Fed news, trade progress

Stock Markets Jul 29, 2019 04:12PM ET

(Reuters) - U.S. stocks stepped back from peak levels on Monday as investors took a breather as they anticipated a U.S. Federal Reserve interest rate cut this week and looked for signs of progress from U.S.-China trade negotiations, currently under way in Shanghai. The Dow Jones Industrial Average ( ) rose 28.96 points, or 0.11%, to 27,221.41, the S&P 500 ( ) lost 4.88 points, or 0.16%, to 3,020.98, and the Nasdaq Composite ( ) dropped 36.88 points, or 0.44%, to 8,293.33.

Wall St. takes a pause in wait for Fed news, trade progress

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