Stocks had rallied last week after the official U.S. jobs report showed the world's largest economy generated a stronger-than-expected 288,000 jobs in June and that the unemployment report fell to 6.1 percent.
"The market saw another piece of evidence that the U.S. economy is gathering steam while at the same time central bank rhetoric remains dovish," said
But on Monday, after a long weekend in the U.S., traders seemed reluctant to chase stocks any higher.
By midafternoon in
Investors are keeping an eye on upcoming corporate earnings.
"Companies in the U.S. are widely expected to report better earnings after the winter slumber," said
U.S. crude for August delivery was down
In currency trading, the euro rose to
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