Wall Street was mixed on Monday as investors shrugged off trade war tensions, but fears of a global economic slowdown lingered.
The S&P 500 rose 4 points, or 0.2%, by 9:44 AM ET (13:44 GMT), while the Dowgained 58 points, or 0.2%, and the tech-heavy Nasdaq Composite was down 14 points, or 0.2%.
Yields on the U.S. 2-Year Treasury posted its biggest two-day fall since 2008, while the 10-Year continued to fall below the 3-Month. The curve is at its deepest inversion since 2007.
Meanwhile, declining manufacturing activity in many Asian countries and the euro zone increased concerns about the fallout of the U.S.-China trade war on the global economy.
Boeing (NYSE:BA) fell 1.6% after the Federal Aviation Administration said that some of its 737 Max jets could have defective parts in their wings, while Amazon.com (NASDAQ:AMZN) was down 0.8% after the Washington Post and New York Times reported the Department of Justice had agreed to let the Federal Trade Commission lead antitrust oversight of the company.
Alphabet , the parent company of Google, slumped 4.6% after its YouTube, Gmail and Cloud services were disrupted on Sunday.
Chipotle Mexican Grill (NYSE:CMG) rose 1.1% after it said it could cover the increased cost of proposed White House tariffs on Mexican imports by raising burrito prices 5 cents.
In commodities, gold futures rose 0.6% to $1,319.25 a troy ounce, while crude oilgained 1.3% to $54.18. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched down 0.2% to 97.477/investing.com
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