Wednesday, March 29, 2023

US Stocks End Nearly Unchanged

By on March 14, 2016

FILE - In this Oct. 2, 2014, file photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. European and Asian stocks extended gains Monday, March 14, 2016, on expectations that central bankers meeting this week will keep intact policies supporting equity markets in some of the world's biggest economies. (AP Photo/Richard Drew, File)

The statue of George Washington faces the New York Stock Exchange. (AP Photo/Richard Drew, File)

NEW YORK – U.S. stocks barely budged, finishing mixed as lower oil prices pulled energy companies lower while hotels and travel-related companies rose.

Trading was quiet Monday ahead of the Federal Reserve’s meeting later this week, which is expected to shed some light on the possibility of a future increase in benchmark interest rates.

The price oil fell 3 percent. Travel-related companies rose after a consortium led by China’s Anbang Insurance Group offered to buy Starwood Hotels.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to close at 17,229.

The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to close at 2,019. The Nasdaq composite rose 1 point to close at 4,750.


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