U.S. stocks fell Monday as mixed reports on the U.S.-China trade front kept investors cautious ahead talks scheduled later this week.
Consumer staples and energy stocks led the downturn, helping pull the S&P 500 down less than half a percent.
Needham Small Cap Growth Fund manager, Chris Retzler.
SOUNDBITE: NEEDHAM SMALL CAP GROWTH FUND MANAGER CHRIS RETZLER (ENGLISH) SAYING: "It's headline risk that we're hearing out there.
And I think people are waiting to see what does potentially come out of the China trade discussions later this week.
I think that will be your catalyst for the week." Top gainer on the Nasdaq: Shares of chip maker Nvidia, which depends on China for a chunk of its sales.
General Motors slipped.
Striking workers rejected the automaker's latest offer.
Shares of General Electric inched LOWER.
The ailing conglomerate said it'll freeze pensions for about 20,000 salaried workers in the U.S. The move is aimed at cutting debt and reducing its retirement fund deficit by up to $8 billion.