Stocks Ended Mostly Lower on Trade Tensions

U.S. stocks closed mostly lower, but well off their lows on Monday, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs. The Dow Jones Industrial Average fell 103.01 points, or 0.41%, to 24,987.47. The S&P 500 lost 5.79 points, or 0.21%, to 2,773.87. The Nasdaq Composite added 0.65 point, or 0.01%, to 7,747.02.

Oil prices finished higher on Monday, as traders assessed escalating trade tensions between the U.S. and China. July West Texas Intermediate crude rose 79 cents, or 1.2%, to settle at $65.85 a barrel. Global benchmark Brent crude for August delivery added $1.90, or 2.6%, to $75.34 a barrel.

JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.