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S&P 500 Wavers, Sitting Just Below Its Record Close

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Oil Extends Fall as Traders Assess Russia-Ukraine Peace Talk Prospects

With Wall Street focused on this week’s Federal Reserve meeting, the S&P 500 began Monday’s session in striking distance of a record closing high.

The market benchmark was down 0.1% but hovering only a touch below its Oct. 28 record close of 6890.89. The Dow Jones Industrial Average was down 93 points, or 0.2%. The Nasdaq Composite was up slightly.

The yield on the 2-year Treasury note was up to 3.58%. The 10-year yield was up to 4.15%.

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