US Close 30 July 19: US Stocks retreat from record levels ahead of trade talks

 

US sharemarkets were mixed on Monday. Traders awaited the Federal Reserve rate decision, news on US-China trade talks and Friday's job report. Technology shares eased with Amazon down 1.6% and Facebook down 1.9%. Reuters reported that "Mylan NV's shares jumped 12.5% after the generic drugmaker confirmed reports that it was combining with Pfizer Inc's Upjohn unit that sells its off-patent branded medicines." The Dow Jones rose by 29 points or 0.1% with the S&P500 down 0.2% from record highs and the Nasdaq lost 37 points or 0.4% from record highs.

 

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