Stocks on Wall Street ran out of steam Monday, giving up early gains and finishing virtually unchanged.
The Dow gained six, while the NASDAQ picked up almost two. The S&P 500 gained just over three points.
The lackluster trading comes as investors await the Fed’s interest rate decision Wednesday.
Traders are also keeping an eye on the Big Three Automakers as the UAW strike hits its fourth day. UAW president Shawn Fain says the two sides haven’t made much progress after 13,000 workers walked off the job Friday at GM, Ford and Stellantis plants. The White House is reportedly sending a team to Detroit to help resolve the strike.
MGM Resorts International says its losing millions due to an ongoing cyber-attack. Company officials say since the attack started last week, they’ve lost between four and eight million dollars a day. Analysts expect MGM to take a 10 to 20 percent revenue hit each day the attack continues.
And crude oil prices climbed today amid expectations of tight supply. WTI Crude gained 71 cents to settle at $91.48 a barrel.