Major US stock indexes ended mostly lower Monday as volatility continued to dominate global markets, with the tech-heavy Nasdaq falling 2%.
The Nasdaq Composite fell 2.04% or 262.59 points to 12,581.
The S&P 500 index fell 0.74% or 31.20 points to 4,173.
The Dow Jones Industrial Average ended little changed, rising 0.0032% or 1.05 points to 32,945.
Oil briefly fell below $100 a barrel, with West Texas Intermediate (WTI) crude losing more than 6% in value and finding buyers at $102.
US Treasury 10-year yields saw their highest levels since 2019.
Global markets are awaiting meetings this week by major central banks which could make some shifts in their monetary policy decisions with the war in Ukraine and sanctions on Russia affecting their economies.
The US Federal Reserve’s two-day meeting will conclude Wednesday. The Fed is widely expected to announce a rate hike of 25 basis points to begin monetary tightening and could make at least another three interest rate increases before the year-end.
Investors will closely watch the Fed’s economic projections, which will include estimates of economic growth, unemployment, inflation and interest rates. Those could be revised if Fed officials believe that US sanctions on Russia will adversely affect the American economy, especially energy prices.
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