Wall Street is looking to the Fed policy meeting starting today for clues to the odds of more rate cuts in 2026.

The Dow reversed from earlier gains and gave back 0.3% as the S&P 500 hovered in break-even territory. The Nasdaq composite rose 0.1% after morning losses. Small caps outperformed, with the Russell 2000 hitting a record high before trimming its gains to 0.3%.

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Stocks ended lower on Monday as investors waited to hear from Federal Reserve Chairman Jerome Powell on Wednesday.

US stocks opened mixed today. The Dow hit 47,939.87. The S&P 500 inched to 6,853.95. The Nasdaq slipped to 23,498.96. Markets wait for a likely Fed rate cut with 89% odds. Nvidia, Tesla, Broadcom and CVS move early.

Salesforce can still be a winning long-term investment, even if it isn't the high-octane growth stock it used to be.

The Nasdaq Composite Index joined the Dow Jones Industrial Average and the S&P 500 in the red in early trading on Monday as a handful of Big Tech stocks saw early gains evaporate. The Nasdaq was off by 24 points,