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Here's what happened to the stock market on Monday

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The major averages eked out fresh record highs, but the market's gains were capped amid mixed news around U.S.-China trade relations.

, reported that Chinese officials are pessimistic about the prospect of a U.S.-China trade deal. One of the biggest concerns for China, Yoon reports, is Presidentsaying the U.S. would not roll back tariffs as part of a phase one-deal.

This pessimism offset the positive sentiment from trade news that was out over the weekend. Chinese state media said Saturday that both sides had "constructive" trade talks. Bottom line, stocks held their ground despite the mixed messaging on trade. However, investors remain on edge around the economic conflict.

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