Wall Street's main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole.

Even if the Federal Reserve pivots back to rate cuts in September, a wall of cash isn’t likely to flee money-market funds for stocks, a Goldman Sachs strategist says.

The gap between shorter- and longer-dated U.S. borrowing costs is widening, reflecting investors’ conviction that the Federal Reserve will cut rates even as inflation looks set to quicken.