The Dow Jones and S&P 500 indices ended Monday’s trading in small plus after data on industrial production increased concerns about the slowing U.S. economy, which may contribute to lower inflation, while in Washington the debate on the debt ceiling continues.

The day before data showed that the business climate index of the Federal Reserve Bank of New York in May fell again, more than forecast.

In addition, markets were under pressure because of the standoff between the White House and Republicans in negotiations over the borrowing limit: the next meeting is scheduled for Tuesday, but many doubt that an agreement will be reached.

The Dow Jones index closed up 0.14% to 33,348.6 points, the S&P 500 rose 0.3% to 4,136.28 points and the Nasdaq rose 0.66% to 12,365,209 points.

Shares of Meta Platforms Inc gained 2.2% after broker Loop Capital upgraded its recommendation for the company’s securities to “buy” from “hold.”

Two U.S. Federal Reserve officials said Monday that stubbornly high inflation calls for continuing tight monetary policy at the Fed, rather than easing it.

Investors’ attention is focused on a speech by Jerome Powell, the head of the U.S. regulator, on Friday.

ONEOK Inc shares sank 9.1 percent after the company agreed Sunday to buy U.S. pipeline operator Magellan Midstream Partners MMP in an equity-and-cash transaction worth about $18.8 billion, including debt. Magellan shares jumped nearly 13%.

Earlier, we reported that U.S. stock indices decline after country statistics publication.