U.S. stocks ended on a mixed note on Monday after a choppy session as investors largely stayed cautious, looking ahead to some key earnings updates, the GDP data and the Federal Reserve's monetary policy announcement.
The Fed, which is scheduled to announce its interest rate decision on Wednesday, is widely expected to announce another 75-basis points hike. CME Group's FedWatch tool is currently indicating a 77.5 percent chance of a 75 basis point interest rate hike and a 22.5 percent chance of a 100 basis point rate hike.
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