Wall Street struggled to hold on to early gains on Monday as losses in industrial stocks including Boeing and Caterpillar more than offset gains in chipmakers and technology companies.
USA stocks turned lower Monday, weighed down by declines in industrial and energy shares.
General Electric rose 2.2 percent and was the biggest boost to the Dow.
The report also showed moderating wage growth, mitigating fears of runaway inflation that could prompt the Federal Reserve to hasten its pace of interest rate hikes.
In the bond market, U.S. Treasury prices edged higher, pushing yields lower; the benchmark 10-year yield slipped 2 bps to 2.87% as a $21B 10-year note auction drew a high yield of 2.889% on a bid-to-cover of 2.50, slightly above the average of the prior 12 auctions.
"It is a quiet day in terms of news and you still have the tariff fears kind of circling in the markets", said Michael Antonelli, managing director, institutional sales trading at Robert W. Baird in Milwaukee.
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The pullback in wages tempered speculation the Federal Reserve would project four rate hikes - or dot plots - at its policy meeting next week, instead of the current three.
However, the S&P and the Dow have almost reclaimed those losses. Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on United States inflation and retail sales.
The Dow Jones Industrial Average gave up triple digit gains and the Nasdaq retreated after setting an intraday record high.
Trump last week softened his stance on tariffs by exempting Canada and Mexico, and negotiations were ongoing as the European Union and Japan also seek exemptions. The S&P 500 rose 0.17 percent at 2,791.32 and the Nasdaq Composite gained 0.25 percent to 7,579.83.
Advancing issues outnumbered decliners on the NYSE by 1,592 to 877.
The S&P 500 posted 61 new 52-week highs and no new lows; the Nasdaq Composite recorded 211 new highs and 24 new lows. Shares in Reckitt Benckiser and tobacco makers British American Tobacco and Imperial Brands fell between 0.4 per cent and 1.9 per cent.