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Global Stocks: U.S. indices declined
U.S. stock indices declined on Monday as investors were cautious ahead of a two-day Federal Reserve meeting, which starts on Wednesday. Some analysts say that fundamental headlines will continue to drive markets until the next earnings season.
The Dow Jones Industrial Average fell 62.13 points, or 0.4%, to 16,370.96. The S&P 500 lost 8.02 points, or 0.4%, to 1,953.03. The Nasdaq Composite Index declined 16 points, or 0.3%, to 4,805.76.
This morning in Asia Hong Kong Hang Seng slid 0.29%, or 61.51 points, to 21,500.39. China Shanghai Composite Index fell 2.53%, or 78.65 point, to 3,036.15. The Nikkei gained 0.90%, or 162.15 points, to 18,127.85.
Asian stock indices outside Japan declined ahead of the Federal Reserve's meeting.
Japanese stocks rose after the Bank of Japan's meeting. The central bank has left its monetary policy unchanged and pledged to increase monetary base at annual pace of 80 trillion yen. The BOJ cut assessment of overseas economies, exports and output and reiterated that the economy of Japan continued to improve moderately.
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