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

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Wall St. takes a pause in wait for Fed news, trade progress
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U.S. stocks stepped back from peak levels on Monday as investors took a breather...

Traders work on the floor at the New York Stock Exchange in New York, U.S., July 29, 2019. REUTERS/Brendan McDermid

- 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.

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