Stock Investors Remain Cautious Ahead of FOMC Meeting

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What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed +0.15%. Stocks on Monday stabilized after last Friday’s sell-off. Bullish factors Monday centered on a -3 bp decline in the 10-year T-note yield. Meanwhile, tech stocks saw support from a +1.7% rally in Apple and strength in chip stocks. However, bearish factors that kept gains in check included the UAW strike, the possibility of a U.S. government shutdown on September 30, and a weak U.S. homebuilder report. Monda…

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