US stocks were mostly flat on Monday, with investors cautiously awaiting the Federal Reserve’s decision this week for its final meeting of 2024.
The Fed is expected to cut interest rates by 0.25%, but attention will be on the follow-up statement after the FOMC meeting.
Fed Chairman Jerome Powell is set to share his plans for the future, which could hint at what the central bank might do with interest rates in the future.
Investors are also looking ahead to US PMI data, due out tonight, which will provide an indication of the health of the world’s leading economy.
MicroStrategy has been gaining traction after being included in the Nasdaq 100 Index.
The company, led by Michael Saylor, is known for its prominent involvement in the bitcoin market, which is currently stealing the limelight.
On Friday, the Dow Jones Industrial Average fell 0.2%, extending a seven-day losing streak. The S&P 500 remained unchanged, while the Nasdaq Composite rose 0.12%.
Technology stocks have seen strong performance and driven market gains.
However, other sectors such as industrials, energy or healthcare have not experienced the same level of improvement or growth.
