U.S. stocks eke out gains ahead of closely-watched central bank policy decisions

U.S. stock indexes eked out slight gains in volatile trade on Monday as investors looked ahead to a busy week of central bank action including interest-rate decisions from the Federal Reserve, Bank of England and Bank of Japan. Traders were pricing in a 99% chance that the Federal Reserve will keep rates unchanged at a range of 5.25%-5.50% on Wednesday, according to the CME FedWatch Tool. Meanwhile, the chance of a 25-basis-point rate hike to a range of 5.50%-5.

The Dow Jones Industrial Average DJIA, +0.02% was up 6 points, leaving it nearly flat at 34,624, while the S&P 500 SPX, +0.07% finished less than 0.1% higher and the Nasdaq Composite COMP, +0.01% ended flat, according to FactSet data. U.S. benchmark West Texas Intermediate crude futures for October delivery CL00, +0.91% CL.1, +1.33% CLV23, +1.33% rose 0.8% to finish at $91.48 a barrel on the New York Mercantile Exchange.

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