Stocks Climb Back to Finish Little Changed But Still Cautious Ahead of Fed Meeting

By Staff,

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Stocks made a comeback Monday afternoon after investors looked past weak housing data, and reflected instead on M&A activity and expectations for improved Q2 growth, consumer confidence, and U.S. job market data due out later this week. After a knee-jerk reaction lower following an unexpected drop in pending home sales, equities moved steadily higher throughout the day and eventually moved into positive territory. But gains were modest and the Dow Jones Industrial Average resisted 17,000. Sentiment remains cautious due to continued geopolitical pressures and Wednesday's looming Federal Open Market Committee meeting.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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