(CNBC) -- Stocks pared losses on Monday, the first trading day of the third quarter, as tech shares rose. But lingering concerns about the Trump administration's trade policies kept a lid on gains.
The Dow Jones Industrial Average fell 33 points after dropping nearly 200 points earlier in the session, with Nike as the worst-performing stock in the index and Microsoft rising 1 percent. The S&P 500 traded just above breakeven, with tech rising 0.7 percent. The Nasdaq composite rose 0.4 percent as Facebook, Amazon and Netflix all traded higher.
The major indexes fell sharply earlier in the session as Wall Street grew even more worried about the spat between the U.S. and its key trade partners.
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