U.S. stocks closed lower on Monday as investors remained hesitant to buy stocks ahead of the Federal Reserve’s much anticipated policy meeting this week. The Federal Open Market Committee begins a two-day meeting on Wednesday and will deliberate the first interest rate hike in nearly a decade with analysts split about the outcome. The S&P 500 closed 8.03 points, or 0.4% lower at 1,953.02. The Dow Jones Industrial Average slipped 62.13 points to 16,370.96. The Nasdaq Composite ended the day down 16.58 points, or 0.3% at 4,805.76.
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