NEW YORK - Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy.was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline.Economically sensitive transports and smallcaps were outperforming.
Geopolitical turmoil dampened risk appetites in the wake of an aborted mutiny in Russia, which appeared to reveal cracks in Russian President Vladimir Putin's grip on power. Market participants now expect the central bank to raise the Fed funds target rate by another 25 basis points in July, but the path beyond is less clear and dependent on economic data.
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