Stocks mostly lower; Nasdaq hit ahead of Alibaba IPO
U.S. stocks began little changed on Monday as investors considered manufacturing data a day before the Federal Reserve starts a two-day policy session.
Read More The Fed to steer next week's market direction
A report before the open had the Fed Bank of New York's Empire State gauge of general business conditions climbing to 27.54 from 14.69 in August, with the current reading the highest since October 2009.
Separate data had U.S. manufacturing output falling for the first time in seven months in August.
Microsoft is buying Mojang, the creator of the 'Minecraft' video-game franchise, for $2.5 billion.
The dollar rose against the currencies of major U.S. trading partners; the 10-year Treasury note yield fell 2 basis points to 2.595 percent.
On the New York Mercantile Exchange, oil futures shed 70 cents, or 0.8 percent, to $91.57 a barrel and gold futures added $3.00, or 0.2 percent, to $1,234.50 an ounce.
-By CNBC's Kate Gibson
Coming Up This Week:
Tuesday
Earnings: FactSet, Adobe Systems, Apogee
FOMC meeting begins
8:30 a.m.: PPI
9:00 a.m.: TIC data
Wednesday
Earnings: FedEx, General Mills, Lennar, Cracker Barrel, Clarcor, Herman Miller
8:30 a.m.: CPI
8:30 a.m.: Current account
10:00 a.m.: NAHB survey
2:00 p.m.: FOMC statement
2:30 p.m.: Fed Chair Janet Yellen briefing
Thursday
Scotland independence vote
Earnings: Oracle, Rite-Aid, IHS, Tibco, RedHat
Alibaba IPO pricing
8:30 a.m.: Initial claims
8:30 a.m.: Housing starts
10:00 a.m.: Philadelphia Fed survey
Friday
10:00 a.m.: Leading indicators
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