US stocks gave up earlier gains on Monday, ahead of a big week filled with a Federal Reserve rate decision, the jobs report, and Big Tech earnings. The Dow Jones Industrial Average fell 0.3%, coming off a surge of over 650 points for the blue-chip index on Friday. The S&P 500 dropped 0.1% while the tech-heavy Nasdaq Composite erased earlier session gains to hover near the flatline.
No move is expected from the Federal Reserve at the end of its meeting on Wednesday, despite signs the US economy and inflation have hit a sweet spot. Many on Wall Street see other reasons for the central bank to wait until September to act.
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