NEW YORK: US stocks posted modest losses at the end of a choppy session on Monday as talks to end the Russian invasion of Ukraine sent oil prices lower.
Investors also are bracing for the Federal Reserve policy announcement on Wednesday which will see interest rates rise for the first time since the pandemic began to contain inflation that has been picking up speed.
Major indices gained ground early in the day but retreated later, and the benchmark Dow Jones Industrial Average ended flat at 32,945.24.
The broad-based S&P 500 fell 0.7 percent to close at 4,173.11, while tech shares were mostly in the red, sending the Nasdaq Composite Index down two percent to 12,581.22.
“Markets remained at the mercy of headlines surrounding the war in eastern Europe, while this week’s upcoming monetary policy decision from the Fed looms,” analysts at Charles Schwab investment bank said.
