The S&P 500 was trading largely flat on Monday as gains in Tesla were offset by declines in bank and energy shares, ahead of the first face-to-face peace talks between Ukraine and Russia in more than two weeks. The electric-car maker jumped 5.3 percent after saying that it will seek investor approval to increase its number of shares to enable a stock split. Oil majors Exxon and Chevron fell 2.8 percent and 1.8 percent, respectively, after crude prices tumbled more than 7 percent as fears over weaker fuel demand in China grew amid a surge in COVID-19 infections. Seven of the 11 major S&P sectors declined. Strong economic data and gains in beaten-down growth stocks have powered Wall Street’s main indexes in the recent days, despite the Russia-Ukraine conflict and hawkish comments from Federal Reserve policymakers. “The two factors—change in Fed policy outlook and the Ukraine war—got priced into the …