Stocks slip on Wall Street as a busy week for markets begins; Saks rises

NEW YORK (AP) — Stocks are slipping on Wall Street as a busy week for financial markets gets underway.

The Dow Jones industrial average fell nearly 37 points, or 0.2 percent, to close just below 15,522 Monday.

The Standard & Poor’s 500 index fell six points, or 0.4 percent, to 1,685. The Nasdaq composite fell 14 points, or 0.4 percent, to 3,599.

Saks rose 4 percent to $15.95 after the luxury department store operator said it would be acquired by the parent company of Lord & Taylor for $2.4 billion.

There’s lots of news for investors this week, including a Federal Reserve meeting that winds up Wednesday and the government’s monthly employment report Friday.

Two stocks fell for every one that rose on the New York Stock Exchange. Volume was light at 2.7 billion shares.

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