Major U.S. stock-indexes little changed on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows. The Federal Reserve begins a two-day policy meeting on Tuesday at which it is expected to raise interest rates for the first time in nearly a decade. Traders see an 85% chance the central bank will lift its target rate range to 0.25%-0.50% from the current 0%-0.25%, according to CME Group's FedWatch program.
Most of Dow stocks in negative area (18 of 30). Top looser - E. I. du Pont de Nemours and Company (DD, -3.25%). Top gainer - Chevron Corporation (CVX, +2.60%).
All S&P index sectors also in negative area. Top looser - Conglomerates (-1.2%).
At the moment:
Dow 17209.00 +30.00 +0.17%
S&P 500 2002.50 +1.25 +0.06%
Nasdaq 100 4521.75 -10.75 -0.24%
Oil 36.33 +0.71 +1.99%
Gold 1065.10 -10.60 -0.99%
U.S. 10yr 2.21 +0.07