How the Dow Jones industrial average did Monday
NEW YORK (AP) — Stocks closed mostly lower as investors waited for the Federal Reserve’s two-day policy meeting that starts on Tuesday.
The news on the economy was mixed.
U.S. manufacturing output fell in August for the first time in seven months, reflecting a sharp fall in production at auto plants. A separate survey showed that manufacturing in New York state jumped.
The Dow Jones industrial average rose 43.63 points, or 0.2 percent, to 17,031.14.
The Standard & Poor’s 500 index fell 1.41 points, or 0.1 percent, to 1,984.13.
The Nasdaq composite declined 48.70 points, or 1.1 percent, to 4,518.90.
For the year:
The Dow is up 454.48 points, or 2.7 percent.
The S&P 500 index is up 135.77 points, or 7.4 percent.
The Nasdaq is up 342.31 points, or 8.2 percent.