U.S. stocks fell on Monday as investors awaited the Federal Reserve's final meeting of the year, later this week. Monday's move came after stocks got a boost on Friday following the delayed release of the September Personal Consumption Expenditures (PCE) price index, which came in weaker than economists had expected. This was one of the last major economic releases before the Federal Open Market Committee's meeting this week. Trader optimism has grown in recent weeks that the Fed will cut interest rates. The S&P 500 index fell 0.10%, while the Nasdaq Composite dropped 0.09%. The Dow Jones Industrial Average fell 0.32%.
U.S. Stocks Fall Ahead of Fed Meeting
U.S. stocks declined on Monday as investors awaited the Federal Reserve's final meeting of the year. Recent economic data, including a weak PCE index, has fueled expectations of interest rate cuts.