US stocks stemmed their losses amid jitters on global markets that the Federal Reserve could raise US interest rates as soon as next week.
In early trading in New York, the S&P was flat at 2,128.52 and the Nasdaq was also little changed at 5,124.23.
The Dow Jones dipped 0.2% to 18,055.25.
The three indexes fell by about 2% on Friday after comments from Boston Fed president Eric Rosengren that higher rates are needed to stop the US economy overheating.
Attention is now turning to any hints in a speech from Fed member Lael Brainard on Monday about the timing of the next rate rise.
“The risk is that Ms Brainard goes from dove to hawk and signals a rate hike on the last day before the Fed begins its pre-meeting quiet period,” said Jasper Lawler, an analyst at CMC Markets.
A global sell-off has seen the UK’s FTSE 100 index fall by 1.5%, with similar falls inParis and Frankfurt.
On Wall Street, HP Inc dropped 0.2% after announcing a deal for Samsung’s $1bn printer business.
Shares in oil rig operator Transocean fell 2.1%, one of the biggest declines on the S&P, as energy firms edged lower following a 0.5% fall in the oil price.
BBC
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