WASHINGTON: Wall Street closed in the red, although with limited losses, as investors refrain from buying stocks ahead of the Federal Reserve monetary policy decision on Thursday.
The Dow Jones fell 0.38% or 62 points, to end the day at 16,370.96. The S&P 500 shed 8.02 points, or 0.41%, to settle at 1,953.03. The Nasdaq Composite closed 16 points, or 0.34%, lower at 4,805.76.
Stocks are expected to remain choppy ahead of the upcoming Fed meeting, with high levels of uncertainty probably increasing over the next two days, triggering some wild spikes either side of the board. Ahead of the meeting, the US will release Industrial data on Tuesday, and inflation figures on Wednesday, both set to make some noise.
