• The Dow Jones Industrial Average .DJI fell 22.1 points, or 0.09 percent, to 25,964.82, the S&P 500 .SPX gained 0.39 points, or 0.01 percent, to 2,901.52 and the Nasdaq Composite .IXIC added 21.17 points, or 0.26 percent, to 8,109.54.

The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend.

Capping a low-volume, late-summer week marked by tariff-related volatility, all three major U.S. indexes posted net gains for the period. The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January.

• Talks between Canada the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal.

• “We may not have a replacement for NAFTA as quickly as we thought,” said John Toohey, head of equities at USAA in San Antonio. “That initial optimism that existed at the beginning of the week, that good news scenario is off the table.”

• U.S.-based mutual fund managers worried about the outlook for bank earnings have been trimming financial stocks from their portfolios, although some value-oriented portfolio managers and analysts said they still see attractive opportunities in the sector.

The average U.S. based mutual fund reduced its stake in financial companies by nearly 1.1 percentage points in the second quarter to approximately 14 percent, the largest one-quarter decline since at least 2013, according to Goldman Sachs.

The move away from banks, insurance companies, and mortgage lenders came as the financial sector has underperformed the broad S&P 500 benchmark index by more than 5 percent since April.

• Asia markets were mixed in Monday morning trade after Canada and the U.S. failed to come to a trade agreement on Friday.

• Japan's Nikkei 225 traded in negative territory in early trade, down by 0.39 percent as most of its major sectors were lower. South Korea's Kospi was also lower by 0.23 percent.

Reference: Reuters, CNBC