Major U.S. stock-indexes little changed on Monday as losses in energy shares were offset by gains in consumer discretionary stocks and investors paused ahead of the U.S. Federal Reserve's meeting on monetary policy this week. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for its view on the economy and clues on the path of future hikes. Crude prices fell more than 4% after Iran quashed hopes of a quick deal by major producers to freeze output. Brent crude fell below $40 a barrel.
Dow stocks mixed (15 vs 15). Top looser - Pfizer Inc. (PFE, -1,08%). Top gainer - McDonald's Corp. (MCD, +1,33%).
Most of all S&P sectors in negative area. Top looser - Basic Materials (-1,3%). Top gainer - Services (+0,2%).
At the moment:
Dow 17145.00 +54.00 +0.32%
S&P 500 2010.00 -0.50 -0.02%
Nasdaq 100 4363.75 +19.25 +0.44%
Oil 36.91 -1.59 -4.13%
Gold 1244.90 -14.50 -1.15%
U.S. 10yr 1.95 -0.03