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HomeMarketU.S. Stocks Fall as October Heads to a Close By Investing.com

U.S. Stocks Fall as October Heads to a Close By Investing.com

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By Liz Moyer

Investing.com — U.S. stocks were 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 10:26 ET (14:26 GMT), the was down 144 points or 0.4%, while the was down 0.8% and the was down 1.5%.

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.

In Europe, jumped 10.7% for the year ending in October, a higher than expected reading that demonstrates the U.S. isn’t alone in dealing with decades-high inflationary pressures.

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 9.5% after billionaire investor Tilman Fertitta disclosed a 6.1% stake. 

Oil fell. was down 0.9%, to $87.08 a barrel, while was down 0.8% to $92.02 a barrel. fell 0.1% to $1643.

Story Credit: investing.com

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