Dow Jones were little changed after Monday's stock market retreat ahead of this week's Fed meeting. Tesla stock broke key support Monday. Read More...
Argus Research
Market Update: WEC, XEL
Stocks fell on Monday morning amid ongoing COVID concerns, as the British government confirmed one death from the new Omicron variant, and uncertainty ahead of the Federal Reserve’s policy meeting later this week. Investors will be looking for updates on the Fed’s inflation outlook, tapering plans, and potential timeline for raising interest rates next year. The Dow fell 0.9%, the S&P 0.8%, and the Nasdaq 1.3%. Crude oil fell slightly to $71 per barrel, while gold traded near $1789 per ounce.