US close: Markets in the green after earlier dip in sentiment
Stocks finished in the green on Monday, after a session in which investors continued to fret about trade relations between the US and China.
The Dow Jones Industrial Average was up 0.14% at 24,423.26, the S&P 500 added 0.18% to 2,637.72, and the Nasdaq 100 was 1.05% higher at 6,682.74.
Earlier, Wall Street was struck by a downbeat mood after China summoned US and Canadian ambassadors to Beijing, in protest at the detention of Huawei's chief financial officer, Meng Manzhou.
Meanwhile, US Trade Representative Robert Lighthizer said over the weekend that he considered 1 March a "hard deadline" to reach a trade deal with China.
Speaking on CBS' Face the Nation, Lighthizer said: "As far as I am concerned it is a hard deadline. When I talk to the president of the United States he is not talking about going beyond March."
"The way this is set up is that at the end of 90 days, these tariffs will be raised," he said.
Michael Hewson, chief market analyst at CMC Markets, said the hawkishness of the comments "has added to the negative sentiment at time when tension between the US and China is rising after the arrest of the Huawei CFO."
On the data front, job openings rose to 7.08m in October from the 6.96m recorded a month earlier, according to the Labor Department.
In corporate news, ConocoPhillips was down 1.08% after the company said it expects to buy back $3bn of shares next year and to spend $6.1bn on capex.
Elsewhere, Tesla shares reversed earlier losses to close up 2.01% after chief executive Elon Musk appeared on '60 Minutes' defending himself and the company against what he referred to as "relentless criticism".
GoPro shares slipped 1.01% after it announced it would move its international production facilities out of China to avoid tariffs.
Apple shares rose 0.66%, even after a Chinese court ordered the company to stop selling older iPhone models in the country after finding it had infringed on two patents held by Qualcomm.
Qualcomm was 2.23% higher.
Dow Jones - Risers
Microsoft Corp. (MSFT) $107.59 2.64%
Intel Corp. (INTC) $47.21 2.10%
International Business Machines Corp. (IBM) $121.13 1.50%
Pfizer Inc. (PFE) $44.40 1.09%
Verizon Communications Inc. (VZ) $58.27 1.02%
Boeing Co. (BA) $326.35 0.97%
McDonald's Corp. (MCD) $184.65 0.92%
Merck & Co. Inc. (MRK) $77.42 0.91%
Cisco Systems Inc. (CSCO) $46.86 0.90%
Walmart Inc. (WMT) $93.94 0.80%
Dow Jones - Fallers
JP Morgan Chase & Co. (JPM) $101.36 -1.87%
Exxon Mobil Corp. (XOM) $76.54 -1.42%
Nike Inc. (NKE) $72.51 -1.13%
Unitedhealth Group Inc. (UNH) $266.53 -0.98%
American Express Co. (AXP) $105.78 -0.83%
Home Depot Inc. (HD) $171.69 -0.64%
Chevron Corp. (CVX) $114.94 -0.48%
Goldman Sachs Group Inc. (GS) $178.83 -0.47%
Travelers Company Inc. (TRV) $123.00 -0.45%
Caterpillar Inc. (CAT) $123.35 -0.13%
S&P 500 - Risers
EQT Corp. (EQT) $19.63 6.63%
Northrop Grumman Corp. (NOC) $270.23 4.93%
Broadcom Inc. (AVGO) $239.25 4.68%
Lockheed Martin Corp. (LMT) $298.40 4.56%
Raytheon Co. (RTN) $171.21 3.69%
Facebook Inc. (FB) $141.85 3.22%
H&R Block Inc. (HRB) $27.88 3.11%
Edwards Lifesciences Corp. (EW) $161.92 3.00%
Harris Corp. (HRS) $143.50 2.91%
Gen Dynamics Corp. (GD) $172.20 2.89%
S&P 500 - Fallers
Frontier Communications Co. (FTR) $2.98 -6.88%
Apache Corp. (APA) $31.26 -5.30%
Newfield Exploration Co (NFX) $15.61 -5.05%
Marathon Oil Corp. (MRO) $15.30 -4.67%
Signet Jewelers Ltd (SIG) $36.77 -4.62%
Range Resources Corp. (RRC) $13.21 -4.55%
Under Armour Inc. Class A (UAA) $22.39 -4.52%
Murphy Oil Corp. (MUR) $28.67 -4.40%
Keycorp (KEY) $16.00 -4.36%
Navient Corporation (NAVI) $10.19 -4.23%
Nasdaq 100 - Risers
Broadcom Inc. (AVGO) $239.25 4.68%
Facebook Inc. (FB) $141.85 3.22%
Idexx Laboratories Inc. (IDXX) $196.00 3.15%
Align Technology Inc. (ALGN) $216.66 3.03%
Nvidia Corp. (NVDA) $151.86 2.88%
Check Point Software Technologies Ltd. (CHKP) $109.13 2.68%
Microsoft Corp. (MSFT) $107.59 2.64%
Paypal Holdings Inc (PYPL) $84.93 2.61%
Adobe Systems Inc. (ADBE) $244.09 2.56%
Take-Two Interactive Software Inc. (TTWO) $105.24 2.50%
Nasdaq 100 - Fallers
JD.com, Inc. (JD) $20.51 -2.01%
Celgene Corp. (CELG) $68.68 -2.00%
Vodafone Group Plc ADS (VOD) $20.14 -1.66%
Shire Plc Ads (SHPG) $170.12 -1.52%
Micron Technology Inc. (MU) $34.80 -1.44%
Cognizant Technology Solutions Corp. (CTSH) $67.09 -1.34%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $251.10 -1.32%
Fastenal Co. (FAST) $54.62 -1.14%
Costco Wholesale Corp. (COST) $222.66 -0.98%
Gilead Sciences Inc. (GILD) $67.49 -0.97%