NEW YORK — Stocks swayed inbetween little gains and losses on Wall Street Monday as financiers brace for another huge interest rate boost this week from the Federal Reserve.
The S&P 500 was down less than 0.1% as of 1: 56 p.m. Eastern. The Dow Jones Industrial Average slipped 8 points, or less than 0.1%, to 30,813 and the Nasdaq edged down less than 0.1%.
Wall Street stays focused on inflation and the Federal Reserve’s effort to lower rates by strongly raising interest rates. On Wednesday, the main bank will reveal its mostcurrent choice on rates and is anticipated to raise its standard rate, which affects interest rates throughout the economy, another three-quarters of a portion point.
Retailers and banks acquired ground. Home Depot increased 0.9% and Bank of America increased 0.9%. Health care stocks slipped and tempered gains inotherplaces in the ma