The S&P 500 was little changed on Monday as investors awaited the final Federal Reserve meeting of 2023 for any signals on when central bankers will begin to cut interest rates.
The Dow Jones Industrials gained 54.71 points to 36,302.58.
The S&P 500 inched up 0.27 points to 4,604.64.
The NASDAQ fell 43.72 points to 14,360.25.
Macy’s shares rallied more than 16% on news the retailer has received a buyout offer for $5.8 billion. Tech stocks Apple and Nvidia pulled back 1.7% and 2.2%, putting pressure on the NASDAQ. Shares of Meta Platforms ticked down 3%.
Prices for the 10-year Treasury fell, raising yields to 4.29% from Friday’s 4.23%. Treasury prices and yields move in opposite directions.
Oil prices were down 12 cents to $71.11 U.S. a barrel.
Gold prices docked $12.90 to $2,001.60.