Dow Rises 15 Ahead of Big Fed Meeting

But most US stocks hold steady
By Newser Editors and Wire Services
Posted Mar 14, 2016 3:21 PM CDT
Dow Rises 15 Ahead of Big Fed Meeting
Trader Gregory Rowe works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

US stocks barely budged Monday, finishing mixed as lower oil prices pulled energy companies lower while hotels and travel-related companies rose. Trading was quiet 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%. 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%, to close at 17,229. The Standard & Poor's 500 index fell 2 points, or 0.1%, to close at 2,019. The Nasdaq composite rose 1 point to close at 4,750. (More Wall Street stories.)

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