U.S. stocks are drifting at the start of a week with many potential flashpoints for markets including earnings reports and economic data. The S&P 500 was up 0.3% in early trading Monday. The Dow Jones Industrial Average was up 207 points,

For a while, the theory that Donald Trump would avoid doing anything that tanked the stock market—named the “Trump put” after an options contract that can protect traders from downside losses—seemed to have failed catastrophically.

Wall Street drifted modestly lower in premarket trading as investors awaited news on tariff negotiations ahead of a busy week of corporate earnings and economic reports