Brands such as Boeing and Intel stood out among decliners on Monday. Indices closed in red territory as trade tensions ramped up. In M&A moves, General Electric shed 2.3% today after finalizing a deal to sell its large industrial engines unit to private-equity firm Advent International for $3.25 billion. On another note, new home sales ticked up in May. Sales increased 6.7% from the revised level for April, and are up by 14.1% from May 2017. Looking elsewhere, crude oil took a breather. West Texas Intermediate crude slipped 0.44% to settle at $68.28 a barrel.