Investors Nervous With Fed Meeting Ahead and a Santa Crash Behind

Dow dumps 400 points, on track for lowest close since April

The Nasdaq Composite Index was down 156.93 points, or 2.27 percent, to 6,753.73, Xinhua news agency reported on Monday. It is expected to raise the rate - used as a benchmark for many consumer and business loans - by a modest quarter point to a range of 2.25 percent to 2.5 percent. Brent crude, used to price worldwide oils, was up a cent at $56.27 a barrel.

The Federal Reserve recently forecast three more increases in interest rates next year, but investors doubt that's going to happen. The stock has dropped 16 percent since early October. Afterhours trading in the largest exchange-traded fund that tracks the S&P 500 fell 0.5 percent.

Following a dip by retail and health sector stocks, the Dow Jones Industrial Average fell Monday to its lowest point in over a year. FedEx's warning follows Caterpillar Inc., a bellwether of global growth, that was punished by investors in October after repeating its warnings of rising costs due to higher steel prices and USA tariffs.

Boeing jumped 3.8 per cent after it boosted its dividend and announced a new share buyback program, while Johnson & Johnson added one percent after announcing a $5 billion share repurchase plan of its own. The companies have taken huge losses this year as rising mortgage rates and prices have reduced home sales. The Cboe Volatility Index, the most widely followed gauge of expected near-term gyrations for the S&P 500, finished up 1.06 points at 25.58, its highest close in 10 months.

China arrests third Canadian
Trudeau said it appears to be a routine case, not involving the sort of national security charges listed against the other two. An official at the Chinese Embassy in Ottawa said the embassy had no information to release on the issue.

Prices for the benchmark for the 10-year U.S. Treasury grew, lowering yields to 2.83% from Monday's 2.86%.

U.S. stocks held near a 14-month low on a volatile day that saw the benchmark gauge swing nearly 2 percent from trough to peak.

European stocks are lower, with Germany's DAX slipping 0.35% and Britain's FTSE 100 down more than 0.7%.

Shares of Facebook Inc, Apple Inc, Inc, Netflix Inc and Google parent Alphabet Inc, collectively known as FAANG, gained between 1.3 percent and 3.1 percent.

Jose Mourinho sacked: Manchester United fire beleaguered manager with immediate effect
If you're a manager of his stature, you're on a collision course and we've seen this play out in public over the past few months. In a statement, the club confirmed the news that they were parting ways with their controversial manager.

Johnson & Johnson shares rose 1.0 percent after a almost 13 percent drop over two days on a Reuters report that the company knew for decades that its Baby Powder contained asbestos.

The S&P 500 Index ended virtually unchanged as investors braced for Wednesday's Federal Reserve policy decision.

Gold inched up 0.1 percent to $1,253.30 an ounce. The Nikkei 225 in Japan lost 1.8 percent, the Hang Seng in Hong Kong dropped 1 percent and South Korea's Kospi slipped 0.4 percent. The euro rose to $1.1357 from $1.1350, and the British pound rose to $1.2639 from $1.2629.

Virgin Galactic sends tourist rocket into space for first time
Mr Branson, was present at the take-off, along with hundreds of spectators in the California desert early this morning. The Mojave, Calif., launch was the fourth test flight of the SpaceShipTwo Unity , reports, which has photos.

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