Wait and see: US stocks listless ahead of a jam-packed week
NEW YORK (AP) — U.S. stock indexes stuck close to their record levels in early trading Monday, ahead of a busy week full of events that could swing markets.
The Federal Reserve may raise interest rates, more countries around the world may move to shake up the economic status quo and several high-profile updates on the U.S. economy are scheduled for this week.
Most investors expect the Federal Reserve to raise short-term interest rates at its upcoming meeting, which ends on Wednesday.
Usually, rising interest rates are bad news for stocks because they make borrowing more expensive and can put the brakes on economic growth.
Several big U.S. economic reports are also on deck this week, including updates on inflation and retail sales.
The price of a barrel of benchmark U.S. crude oil inched up by 10 cents to $48.60.