Stocks slipped Monday as the final trading day of October wore on, but the major averages were poised to snap a two-month losing streak.
The Dow Jones Industrials fell behind 26.23 points to 32,835.57.
The S&P 500 sagged 25.33 points to 3,875.73.
The NASDAQ faded 113.31 points, or 1.%. to 10.989.15.
October's gains have come despite a mixed third-quarter earnings season, which has shown slowing growth and a few major disappointments from large tech companies such as Meta Platforms and Amazon. Those names led Monday's tech losses as investors drifted out of the growth sector.
Traders are preparing this for the latest Federal Reserve meeting beginning Tuesday. The central bank is expected to hike rates by three quarters of a percentage again on Wednesday, but many on Wall Street are looking for a signal from the FOMC statement or Chairman Jerome Powell's press conference that the Fed could pause its hikes in the near future, or curb their size.
Earnings season continues this week with reports from Uber, Pfizer and Advanced Micro Devices.
Treasury prices faded, raising yields to 4.04% from Friday's 4.01%. Treasury prices and yields move in opposite directions.
Oil prices sagged $1.03 to $86.87 U.S. a barrel.
Gold prices dipped $3.20 to $1,641.60 U.S. an ounce.