U.S. stocks ended the session mixed on Monday as investors wind down the final full trading day of the week and digest the recent rate cut by the Federal Reserve.

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The Dow Jones Industrial Average briefly crossed above 27,000 a key psychological level, before settling below with modest gains. The S&P 500 and Nasdaq Composite ended the session modestly lower.

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 27173.96 +358.52 +1.34% SP500 S&P 500 3298.46 +51.87 +1.60% I:COMP NASDAQ COMPOSITE INDEX 10913.561787 +241.30 +2.26%

All-time highs remain within reach for all three indexes. A print above the following levels would be the highest on record:

S&P 500: 3,027.98

Dow Jones Industrial Average: 27,398.68

Nasdaq: 8,339.64

Optimism increased over the weekend as the U.S. and China referred to last week's trade talks as "productive" and "constructive." A higher-level round of talks is still scheduled to go ahead in October.

Stocks in focus include Boeing, which announced it will begin paying the families of the Max Jet crash victims $144,500. General Motors, in the middle of a UAW strike, will reportedly furlough 1,200 additional U.S. and Canadain workers.

Ticker Security Last Change Change % BA BOEING COMPANY 156.03 +9.98 +6.83% GM GENERAL MOTORS COMPANY 29.00 -0.11 -0.38%

U.S. markets shrugged off some weaker-than-expected manufacturing data coming out of Europe which sent indices in the region to lower closes.

Looking ahead investors will focus on earnings from Nike and Blackberry on Tuesday.

Ticker Security Last Change Change % NKE NIKE INC. 124.23 -0.52 -0.42% BB BLACKBERRY LIMITED 4.76 +0.01 +0.21%

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The Associated Press and FOX Business' Ken Martin contributed to this article.