Dow snaps win streak, Nasdaq ends down 2% as Fed rate decision looms


U.S. stocks ended lower Monday, with the Dow Jones Industrial Average snapping a six-day win streak, as investors brace for the outcome of the Federal Reserve’s two-day policy meeting in a busy week for company earnings reports. The Dow DJIA, -0.77% closed 0.8% lower, while the S&P 500 SPX, -1.30% fell 1.3% and the technology-laden Nasdaq Composite COMP, -1.96% dropped 2%, according to preliminary data from FactSet. The central bank’s meeting wraps up Wednesday, with Fed Chair Jerome Powell scheduled to host a press conference on its interest-rate decision that same day. Energy was the S&P 500’s worst-performing sector on Monday, followed by information technology.

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