U.S. equities finished mixed, as investors appeared cautious ahead of the highly-anticipated meeting between President Donald Trump and Chinese President Xi at this week’s G-20 summit. Global growth concerns were also in focus in the midst of the recent dovishness from global central banks, some disappointing regional manufacturing data and a deterioration in German business confidence. Equity headlines surrounded some M&A news. Treasury yields were lower and the U.S. dollar added to a recent drop, while crude oil prices were slightly higher amid the increased geopolitical tensions and gold added to a rally.

The Dow Jones Industrial Average (DJIA) rose 9 points to 26,728, while the S&P 500 Index ticked 5 points (0.2%) lower to 2,945, and the Nasdaq Composite fell 26 points (0.3%) to 8,006. In moderate volume, 799 million shares were traded on the NYSE and 2.0 billion shares changed hands on the Nasdaq. WTI crude oil advanced $0.47 to $57.90 per barrel and wholesale gasoline was unchanged at $1.82 per gallon. Elsewhere, the Bloomberg gold spot price traded $19.44 higher to $1,419.77 per ounce, and the Dollar Index—a comparison of the U.S. dollar to six major world currencies—lost 0.2% to 96.02.

The June Dallas Fed Manufacturing Index unexpectedly fell further into a level depicting contraction (a reading below zero), dropping to -12.1 from -5.3 in May, and versus the Bloomberg expectation of a rise to -2.0. This was the lowest level in three years as the company outlook and orders growth rate components of the survey contracted solidly.

Treasuries rose, as the yields on the 2-year and the 10-year notes, along with the 30-year bond dropped 4 basis points (bps) to 1.74%, 2.02% and 2.55%, respectively

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