Wall Street digested the market's recent move to record highs while trade tensions lingered and protests in Hong Kong escalated.
President Donald Trump said Friday he had not approved a rollback of U.S. tariffs on Chinese goods, contradicting earlier reports that both countries agreed to do so as part of a phase-one trade deal.
Investors continued to mull over those comments amid an absence of new developments on the trade front. Sentiment was also dampened by an escalation in the Hong Kong protests, which left two in critical condition overnight. Stocks remain around record levels despite Monday's muted performance. However,
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