(CNBC) — U.S. equities closed mostly flat on Monday after a choppy session, with utilities leading, as investors geared up for two key central bank meetings.
The Dow Jones industrial average briefly rose more than 100 points before holding about 20 points higher, with 3M contributing the most gains.
"This is a wait-and-see week," said Art Hogan, chief market strategist at Wunderlich Securities. "To follow through, you're going to need some clarity from the Fed and the BOJ." "I think the lift-off we got was some capitulation on oil not going below $30 [last week]."
Advertisement - story continues below