Stocks are trading mixed after a strong session last Friday, with the Nasdaq up 0.1%, the S&P 500 down 0.2%, and the Dow down 0.4%. Profit taking and uncertainty ahead of key events are contributing to the lackluster performance. Traders are watching for earnings from Nvidia and upcoming economic data, including consumer price inflation. New home sales in the U.S. declined in July, falling by 0.6% to an annual rate of 652,000. Most sectors are showing only modest moves, with transportation stocks notably down. In overseas trading, Asian markets mostly moved higher, while European markets are mostly down.

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