Stocks mostly higher as tech breaks 4-day losing streak

Traders
react at the closing bell on the floor of the NYSE in New
York
Thomson
Reuters

Stocks were mostly higher Monday, lifted by industrial and retail
companies. Tech staged a recovery following a four-day losing
streak. The dollar and
Treasury yields slipped.

Here’s the scoreboard:

Dow Jones industrial
average: 25,858.63−57.91 (-0.22%)

S&P
500: 2,879.21 +7.53 (+0.26%)

Nasdaq
Composite: 7,924.16+21.62(+0.27%)

1. The Trump administration is expected to announce
   whether it will follow through with proposed tariffs on
   roughly $200 billion worth of Chinese products. Adding
   to trade tensions, President Donald Trump also threatened
   on Friday to hit another $267 billion worth of imports “on
   short notice.” Apple warned over the weekend that tariffs could
   force the technology giant to raise prices. 
2. With midterms just two months away, House Republicans
   are planning to roll out a
   second round of tax cuts this week. But the
   bill may face an uphill battle, with some concerned efforts to
   bolster Trump’s $1.5 trillion tax overhaul could backfire
   as the federal deficit races to unprecedented
   heights. 
3. Embattled CBS
   chief executive Leslie Moonves is officially out. The
   media company said Moonves would step down after six more
   women accused him of sexual misconduct in a New
   Yorker story Sunday, adding to a series of similar allegations
   that surfaced in July. Moonves’ interim replacement
   is Joe Ianniello.

And a look at the upcoming economic calendar:

• Apple unveils a new collection of iPhones. 
• The Labor Department releases its latest consumer price index
  reading.
• The Bank of England holds a policy meeting.