U.S. equities closed mixed on Monday, as investors turned their focus on Federal Reserve officials. The Dow Jones industrial average fell 0.04 percent to close at 20,905.86, S&P 500 slipped 0.2 percent to 2,373.47 and the Nasdaq composite was up just 0.01 percent to 5,901.53.
The U.S. central bank raised interest rates by 25 basis points last week for the first time this year, but the “dot plot” that shows each member’s expectations for where rates will be in coming years changed little from the last meeting.
Chicago Fed President Charles Evans said the central bank will likely wait until June to decide on the next rate hike.
The dollar index, which tracks the greenback against a basket of currencies traded at 100.41. Against the dollar, the yen remained stronger against the greenback at 112.48 while the Australian dollar traded at $0.7725.
On the energy front, oil prices slipped as traders worry about growing U.S. crude stockpiles and output. Brent crude settled down 14 cents to $51.62 a barrel and U.S. crude settled down 56 cents to $48.22.