GLOBAL MARKETS-Stocks waver as investors eye the Fed

Stephanie Roth, senior markets economist at JPMorgan Private Bank. "We are not surprised to see choppy markets ahead of Wednesday’s FOMC. Investors are wondering... whether the Fed will hint at tapering." (File pic shows the US Fed HQ in Washington)

WASHINGTON: Global stock markets were mixed on Monday, U.S. Treasury yields ticked up and gold slid as investors prepared themselves for an upcoming Federal Reserve meeting and any clues on the trajectory of its unprecedented monetary stimulus.

The Dow Jones Industrial Average fell 248.82 points, or 0.72%, in midday trading. The S&P 500 lost 11.83 points, or 0.28%, while the Nasdaq Composite added 53.24 points, or 0.38%.