Investing.com – Wall Street ended Monday mixed as uncertainty on a U.S.-China trade deal and concerns a second government shutdown looms weighed on sentiment.
The fell 0.21%, the rose 0.06%, while the added 0.13%.
A second round of trade talks between the U.S. and China got underway Monday, but investors remain uncertain if the two nations would be able to reach a consensus on trade before the current trade war truce ends on March 1.
If the both nations fail to reach a deal by March 1, President Donald Trump has threatened to raise tariffs on Chinese imports to 25% from 10%, risking a potential escalation in the trade dispute, which will likely hurt investor sentiment on stocks.
Still, the trade-sensitive industrial sector ended the day higher, helped by solid gains in Norfolk Southern (NYSE:) after the railroad company outlined a plan to increase revenue and growth.
In Washington, meanwhile, U.S. lawmakers showed little sign of averting a second government shutdown in less than two months after they failed to reach an agreement on Sunday over immigrant detention policy ahead of President Trump's Feb. 15 deadline.
On the earnings front, Restaurant Brands International (NYSE:) closed 1.7% higher after reporting above-consensus fourth-quarter earnings and in-line revenue. The company operates through the Tim Horton's coffee, Burger King and the Popeyes Louisiana Kitchen chains.
The beat on the bottom line was driven by comparable sales strength at Tim Hortons and Popeyes, though slowing comparables at Burger King held back gains.
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