Stocks Close Flat as Markets Look Ahead to Fed Policy Moves

Stocks ended flat on Monday, with the Dow rebounding from a one-month low, as investors looked to economic reports, earnings and a monetary-policy decision later this week from the Federal Reserve. The Dow Jones Industrial Average, which fell 82 points in the morning, closed unofficially 22 points ahead. The S&P 500 was marginally higher and the Nasdaq lost 4 points. Stocks retained their early losses after the National Association of Realtors said pending-home sales were down 1.1 percent in June. Meanwhile, financial-data firm Markit reported activity in the U.S. services sector held at its highest level in four-and-a-half years in July, although readings for new business and employment growth softened. Markets are looking ahead to the Fed's next policy move on Wednesday, with the central bank expected to cut its monthly asset purchases another $10 billion to $25 billion.

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For Subscribers

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

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- Kate Gibson, CNBC.com