(CNBC) — U.S. stocks closed lower Monday as investors weighed mostly negative stock performance overseas and eyed the Federal Reserve meeting later in the week.
"I think this is just marking time," said Marc Chaikin, CEO of Chaikin Analytics. He noted a lack of liquidity because "you do have a lot of traders out because of the Jewish New Year."
The Dow Jones industrial average traded in its narrowest range since Aug. 18. The averages daily point range for the Dow since Aug. 18 is 405 points.
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