Here's what happened to the stock market on Monday

This could be 'dry powder' for the markets, money manager says

Dow Jones Industrial Average rises 14 points

The Dow rose 14.92 points, or 0.1%, to 26,949.99 on Monday. The S&P 500 was virtually unchanged, losing 0.01% to 2991.77. The Nasdaq Composite Index fell 0.1% to 8112.46. The slight gain in the Dow marked a stabilization from Friday's losses, where the stock market dropped on fears that recent trade talks were not going well.

Decent economic data, supportive Federal Reserve

The Dow inched higher because of a reading of manufacturing from IHS Markit which showed U.S. activity this month at a five-month high, easing concerns about a recession. New York Fed President John Williams said that the central bank was working to calm some recent turmoil in overnight bank lending markets. Separately, St. Louis Federal Reserve President James Bullard said the central bank "may choose to provide additional accommodation going forward" to deal with any slowing in the economy. But a decline in key technology stocks like Netflix and Facebook weighed on the broader market.

American Express rises, Netflix drops

American Express shares rose 1.2% after the credit card company raised its dividend and said it would be buying back 120 million of its shares, which investors took as a vote of confidence from management. Netflix was a notable underperformer with Monday's drop of 1.8% putting it into the red for 2019. The streamer was up more than 45% at one point in 2019, but investors are concerned new streaming competition from the likes of Disney and others will hit future results and raise costs for content.

What happens next

We'll get big economic data, Nike earnings and updates on global trade on Tuesday. Read here for details.