The relatively calm trading offers a respite following historic swings that have come as hopes rise and fall that President Donald Trump may back down on his tariffs, which investors expect would otherwise cause a recession. The S&P 500 has roughly halved its drop that had taken it nearly 20% below its record set earlier this year.

U.S. stocks are drifting at the start of a week with many potential flashpoints for markets including earnings reports and economic data

U.S. stocks drifted to a mixed, quiet finish ahead of a week with several potential flashpoints that could bring more sharp swings for financial markets.