The S&P 500 and the Dow closed lower on Monday following a new round of US-China trade tariffs kicked in, dampening last week’s wants talks forwards and backwards countries, and since investors awaited a widely expected interest rates hike through the Fed.

Seven within the S&P’s 11 major sectors lost ground after US tariffs on some $200 billion importance of Chinese goods took effect, alongside Beijing’s retaliatory duties.

“Investors start to find out the writing on your wall that China starts to dig rolling around in its heels and so is the US,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, in Charlotte, Vermont. “It’s a comprehensive risk-off tone, an awareness of that others have grown to be a bit more cautious.”

US equities made strong gains a week ago as investors held out hope that your United States and China would hold trade talks. Although with both sides now looking entrenched within their positions, Zaccarelli said he “wouldn’t very impressed if we lost the battle all of our gains from yesterday.”

The Dow Jones Industrial Average fell 181.45 points, or 0.68%, to 26,562.05, the S&P 500 lost 10.3 points, or 0.35%, to two 919.37, as well as Nasdaq Composite added 6.29 points, or 0.08%, to 7 993.25.

The industrial sector, that has borne the brunt in the protracted trade war, was one of the greatest drags for the S&P which includes a 1.3% drop.

Interest rate sensitive sectors just like consumer staples , down 1.5%, and real-estate, off 1.9%, were under time limits before two-day Fed meeting that begins on Tuesday and is widely required to end having a rate hike.

The biggest percentage gainer among the many S&P sectors was energy as oil prices rose to your four-year high, above $80 a barrel, after Saudi Arabia and Russia eliminated any immediate surge in production despite calls by US President Donald Trump for doing things to get global supply.

The technology sector closed up 0.3%, lifted by a 1.4% gain in Apple, whose products are spared on the new tariffs on China.

Other gainers included the modern Communications Services index , which ended its first session 0.2% higher.

The biggest boost towards new index, which houses media and telecom stocks, was Facebook Inc, which closed up 1.5%.

Political noise?

Investors were rattled by reports inside late morning that US Deputy Attorney General Rod Rosenstein would quit. But indexes steadied once the White House announced a Thursday meeting between Trump and Rosenstein, who oversees the special counsel’s probe into Russia’s role in Trump’s 2016 election.

Declining issues outnumbered advancing ones over the NYSE by way of a 2.03-to-1 ratio; on Nasdaq, a 1.55-to-1 ratio favored decliners.

The S&P 500 posted 18 new 52-week highs and three new lows; the Nasdaq Composite recorded 43 new highs and 53 new lows.

About 6.96 billion shares altered for us exchanges compared to a 6.65 billion average corporations 20 sessions.