US stocks cut losses, Dow Jones ends at all-time high

Most of the major US stock indices closed lower on Monday, but trimmed losses as Dow Jones settled at its record high, despite the looming uncertainty over the US-China trade talks.

President Donald Trump said that the trade talks with China are going "very nicely", and added that signing the first phase of the trade with the Chinese side will happen very soon.

But he denied that his administration has agreed on a rollback of the Chinese tariffs, which raised doubts about the progress in the trade talks.

To the oil market market, West Texas Intermediate (WTI) fell by 0.6% and settled at $56.86 a barrel, with a high of $57.4 and a low of $56.2.

Brent fell by 0.5% to $62.18 a barrel, with a high of $62.7 and a low of $61.5.

As for stocks, Dow Jones rose by less than 0.1% or 10 points and closed at 27,691, with an intraday high of 27,714 and a low of 27,517.

Nasdaq fell by 0.1% or 11 points to 8,464, with a high of 8,467 and a low of 8,425.

S&P 500 fell by 0.2% or 6 points to end at 3,087, with a high of 3,088 and a low of 3,075.