US stocks close mixed as attention turns to Federal Reserve meeting

The performance of US stocks was mixed today as markets followed a new round of US-China trade negotiations as well as anticipation for the US Federal Reserve meeting.

Today officials from the United States and China met in Shanghai to discuss the possibility of reaching a trade agreement between the two countries.

The US Federal Reserve will hold its important meeting on Tuesday and continue until Wednesday, followed by a rate decision, while expectations are for a cut to counter the signs of slowing economic growth.

In the crude market, West Texas rose by 1.2% to close at $56.87 per barrel, the highest price of the day at $57.1 and the lowest at $55.8.

Brent rose 0.39% to close at $63.71 per barrel, with a high of $63.9 and a low of $62.9.

At the close of the session, Dow Jones Industrial Average rose by 0.1% (equivalent to 29 points) to 27,221 points, with the highest level at 27,275 points and the lowest at 27,178 points.

Nasdaq fell by 0.4% (37 points) to 8,293 points, with the highest level at 8,325 points and the lowest at 8,247 points.

S&P 500 dropped 0.2% (5 points) to 3,021 points and hit a high of 3,025 points and a low of 3,019 points.