Stocks recovered from early losses to end narrowly mixed on Monday after traders bought the dip. The Dow Jones industrial average firmed 0.3 percent, the S&P 500 firmed 0.1 percent, and the Nasdaq was up 0.1 percent. Bond yields rose but receded from early highs. The dollar fell and oil prices edged down.

Stocks appeared due for corrective weakness after a long stretch of gains going back to April 9 when President Trump suspended much of his reciprocal tariffs. On Monday, stocks dropped at the open and bond yields surged after news late Friday that Moody's had downgraded the US sovereign debt rating and amid rising concern about US fiscal deficits under tax measures advanced Monday by the House of Representatives.

Small-caps and homebuilders were among the weakest groups amid worries about rising interest rates. Tesla had a bad day among megacaps. Other weak links included energy, semiconductors, media, travel & entertainment and restaurant chains. Best were health care, pharma, aerospace & defense, and health & personal care.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.