Stocks fluctuate as investors weigh trade plan
Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start after the market had just recorded its first weekly gain in a month.
Trading was choppy for much of the day after falling in the early going. The muted trading wiped out some of the gains from a rally on Friday, when investors welcomed signs of progress in the latest round of trade negotiations between the U.S. and China. But the key sticking points of intellectual property and trade secrets still hang over the dispute. And Bloomberg reported Monday thatBenchmark crude oil fell $1.11 to settle at $53.59 a barrel. Brent crude oil, the international standard, dropped $1.16 to close at $59.35 a barrel.
Several major banks are due to issue their latest quarterly financial results this week. JPMorgan Chase, Citigroup and Wells Fargo will all report results on Tuesday. Bank of America and PNC Financial will report results on Wednesday.
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