© Reuters.
By Liz Moyer
Investing.com — U.S. stocks opened lower on Monday as investors tried to close out the month on a positive note ahead of the Federal Reserve’s next meeting this week.
At 9:52 ET (13:52 GMT), the was down 226 points or 0.7%, while the was down 0.8% and the was down 1.2%.
Corporate earnings have been mixed this month, and investors are hoping a few new data points on and convince the Fed to ease off on the pace of its interest rate increases after this week’s . The central bank is to raise its benchmark rate this week by a 0.75 percentage point for the fourth time in a row.
The jobs report for October is due out on Friday.
Stocks have been surging despite some downbeat reports from big tech companies, with the S&P and Nasdaq scoring two consecutive weeks of gains. The Dow is up 14% this month heading into the final day of trading.
Wynn Resorts Limited (NASDAQ:) shares rose 8.8% after investor Tilman Fertitta disclosed a 6.1% stake.
Oil fell. was down 1%, to $87.00 a barrel, while was down 0.9% to $92.93 a barrel. fell 0.3% to $1639.
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