Stocks Ended Mostly Lower; Tech Tumbled

Stocks ended mostly lower on Monday as investors remain cautious ahead of this week’s pivotal Federal Reserve policy meeting. The Dow Jones Industrial Average finished up 43.63 points, or 0.26%, at 17,031.14. The S&P 500 was down 1.41 points, or 0.07%, to 1,984.13.  The Nasdaq Composite fell 48.70 points, or 1.07%, to 4,518.90.

The Federal Reserve kicks off its all-important policy meeting Tuesday. The central bank is expected to continue paring back its massive bond-buying program, though, analysts don’t see a rate hike in the near future.

Apple Inc said many customers will need to wait until next month for their new iPhones after a record 4 million first-day pre-orders were logged, double the number for the iPhone 5 two years ago.

At least 125 people may have been killed in crashes related to defective ignition switches in General Motors Co. (GM) cars, according to the first batch of claims to a victims’ compensation fund.

Fitch Ratings has assigned an ‘A+’ rating to The Coca-Cola Company’s (Coca-Cola) issuance of EUR2 billion senior notes including EUR800 million of 1.125% notes due 2022 and EUR1.2 billion of 1.875% notes due 2026. The Rating Outlook is Negative.