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Stocks Close Flat as Markets Look Ahead to Fed Policy Moves

 / Updated  / Source: CNBC.com

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Stocks ended flat on Monday, with the Dow rebounding from a one-month low, as investors looked to economic reports, earnings and a monetary-policy decision later this week from the Federal Reserve. The Dow Jones Industrial Average, which fell 82 points in the morning, closed unofficially 22 points ahead. The S&P 500 was marginally higher and the Nasdaq lost 4 points. Stocks retained their early losses after the National Association of Realtors said pending-home sales were down 1.1 percent in June. Meanwhile, financial-data firm Markit reported activity in the U.S. services sector held at its highest level in four-and-a-half years in July, although readings for new business and employment growth softened. Markets are looking ahead to the Fed's next policy move on Wednesday, with the central bank expected to cut its monthly asset purchases another $10 billion to $25 billion.

- Kate Gibson, CNBC.com

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