U.S. stocks hovered around the flat line on Monday, as a slump in materials shares offset gains in the energy and technology sectors. The Dow Jones Industrial Average rose 4 points, or less than 0.1%, to 21011. The S&P 500 lost less than 0.1% after briefly touching an intraday record in early trading. The Nasdaq Composite declined less than 0.1%. Materials shares in the S&P 500 declined 0.8% amid a further slide in prices for industrial metals. Copper for July delivery lost 1.4% on the Comex division of the New York Mercantile Exchange after weak economic data from China raised concerns about slipping demand from the world's largest consumer of the metal. Energy stocks were among the best performers in the S&P 500, rising 0.5%. Tech stocks once again gained strongly. The U.S. gold price finished 0.2% lower at 1,226 US$/oz.
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