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

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

(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 <.DJI> rose 28.96 points, or 0.11%, to 27,221.41, the S&P 500 <.SPX> lost 4.88 points, or 0.16%, to 3,020.98, and the Nasdaq Composite <.IXIC> dropped 36.88 points, or 0.44%, to 8,293.33.

(Reporting by Stephen Culp; Editing by Leslie Adler)

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Updated Date: Jul 30, 2019 02:06:32 IST