US stocks little changed, pound hits 6-week high

NEW YORK - A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world's central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.

Still, barring a major announcement on trade developments between the United States and China, stock movements were likely to be muted ahead of the next policy announcement by the Federal Reserve on Sept 18. The Dow Jones Industrial Average rose 38.05 points, or 0.14%, to 26,835.51, the S&P 500 lost 0.28 points, or 0.01%, to 2,978.43 and the Nasdaq Composite dropped 15.64 points, or 0.19%, to 8,087.44.

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