The stock market ended a sleepy Monday session pretty much where it started the day.
The S&P 500 and Nasdaq Composite were both flat. The Dow Jones Industrial Average dipped 34 points, or 0.1%.
The yield on the 2-year Treasury note rose to 3.77%, while the 10-year yield rose to 4.34%.
In the absence of major earnings reports or economic data during a week when many on Wall Street opt for some late-summer travel, the market was about as flat as it gets. For much of the afternoon, half of the stocks in the Dow and S&P were up and half were down.
Even at the sector level, there was a split nearly down the middle, though energy, real estate, and communication services were the laggards. WTI crude oil futures rose 1% to $63.42.
President Donald Trump met with Ukrainian President Volodymyr Zelensky and European leaders on Monday. Last week, President Trump met with Russian President Vladimir Putin. Trump said he would have a call with Putin on Monday.
“The Trump/Putin summit resulted in neither a ceasefire nor the threat of oil sanctions and as such, the market is largely ignoring the event,” wrote Sevens Report Research’s Tom Essaye earlier on Monday.
Things will heat up tomorrow, with a wave of retailers including Home Depot, Target, and Walmart set to report results in the coming days. Then there’s Jackson Hole, where Federal Reserve Chairman Jerome Powell will deliver his annual speech on Friday to headline this week’s sparse calendar.