Wall Street mixed as investors weigh spike in virus cases; Dow trades flat

Battered shares of US airlines, casino operators and cruise operators slipped after attempting a rebound in recent weeks

US stocks were mixed in choppy afternoon trading on Monday, with the benchmark S&P 500 paring early losses to trade flat as investors weighed the economic outcome of a spike in new coronavirus cases in China and parts of the United States.

Earlier in the day, the S&P 500 fell as much as 2.5% as it flirted with its 200-day moving average, an indicator of long-term trend.The Dow edged lower while Nasdaq was up 0.6%, helped by Tesla Inc, Nvidia Corp and Zoom VideoCommunications.