Stocks Finish Lower

The major indexes extended losses as oil prices rose to record levels. Caution looms ahead of Tuesday's Federal Reserve meeting

Stocks lost ground on Monday as a jump in crude oil prices to nearly $64 a barrel raised concerns about the impact on the economy and the outlook for interest rates. Concerns the Federal Reserve may carry a more hawkish tone about interest rates in tomorrow's meeting also contributed to market weakness, reports Standard & Poor's MarketScope.

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