U.S. stocks end lower as investors look ahead to Fed statement

U.S. stocks ended lower Monday, erasing some of their modest gains from last week, as investors awaited the conclusion of a Federal Reserve policy meeting later this week. A drop in oil prices and a spate of disappointing earnings reports weighed on shares, though analysts noted that moves were magnified by below-average trading volume. The S&P 500 slid 3.79 points, or 0.2%, to 2,087.81, as energy, materials and industrial shares underperformed. The Dow Jones Industrial Average lost 26.51 points, or 0.2%, to 17,977.24, with Caterpillar Inc. and Visa Inc. leading the decliners. The Nasdaq Composite fell 10.44 points, or 0.2%, to 4,895.79.

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From:: Stock Market News

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