NEW YORK: Wall Street was mostly lower on Monday in a quiet holiday session, but Boeing's announcement on returning its 737 MAX to service after two deadly crashes provide a boost to the Dow.
The broad-based S&P 500 also clawed back off the lows of the day but still closed down 6.07 points at 3,087.01, while the tech-rich Nasdaq Composite Index dropped 11.04 points to finish at 8,464.28 President Donald Trump on Friday contradicted Chinese assertion that Washington and Beijing already had agreed to roll back tariffs.
Government inflation data is due out Wednesday and industrial production on Friday, but the main attention grabber will be testimony before Congress by Federal Reserve Chairman Jerome Powell on Wednesday and Thursday.Powell is expected to reiterate his message that the central bank is done for now with policy moves and will be on standby to see how the economy reacts to three interest rate cuts.