U.S. stocks traded in a tight range Monday, as Wal-Mart weighed on the Dow Jones Industrial Average, but materials gained in the wake of a surge of Chinese exports and imports last month. The Dow Jones Industrial Average was down 0.02% at 12271. Weighing on the measure, Wal-Mart Stores fell 1.4% after J.P. Morgan Chase cut the company's stock investment rating to neutral from overweight, predicting that same-store sales deterioration could last for years, not quarters. Verizon Communications was also weak, down 1.7%. Keeping the Dow's losses in check, energy companies strengthened amid concerns that unrest in the Middle East could spread. Exxon Mobil rose 2.2%, while Chevron gained 1.2%.
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