Calm before the storm as US stocks hold steady

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Stocks held steady in a calm day of trading today in the US&comma; but the storm may be coming&period;<&sol;p>&NewLine;<p>This upcoming week is full of events that could swing markets&colon; The Federal Reserve may raise interest rates&comma; more countries around the world may move to shake up the economic status quo and several high-profile updates on the US economy are due&period;<&sol;p>&NewLine;<p>That&&num;8217&semi;s all in the near future&comma; though&period; Monday&&num;8217&semi;s calendar was decidedly light&comma; and the Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index flipped between modest gains and losses before closing at 2&comma;373&period;47&comma; up just 0&period;87 points&comma; just 0&period;04&percnt;&period; It remains within 1&percnt; of its record&comma; which was set earlier this month&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average fell 21&period;50 points&comma; or 0&period;1&percnt;&comma; to 20&comma;881&period;48&period; The Nasdaq rose 14&period;06 points&comma; or 0&period;2&percnt;&comma; to 5&comma;875&period;78&period; Three stocks rose for every two that fell on the New York Stock Exchange&period;<&sol;p>&NewLine;<p>In such a hectic week&comma; one event still stands out from the rest&colon; the Federal Reserve&&num;8217&semi;s meeting on interest rates&comma; which begins Tuesday and ends Wednesday&period; Most investors expect the Fed to raise rates for only the third time since they went to nearly zero during the financial crisis in 2008&period;<&sol;p>&NewLine;<p>Usually&comma; rising interest rates are bad news for stocks because they make borrowing more expensive and can be a drag on economic growth&period; But many analysts say this time may be different&period; As long as the pace is gradual&comma; these increases will only be getting rates back to normal rather than slamming the brakes on the economy&period;<&sol;p>&NewLine;<p>It was only a few weeks ago that many investors were expecting the Fed to stand pat at its March meeting and then raise rates later in the spring&period; But expectations have swung following a series of strong reports on the economy&period; The headliner was Friday&&num;8217&semi;s jobs report&comma; which showed healthy levels of hiring&period;<&sol;p>&NewLine;<p>Investors will likely focus more on what Fed Chair Janet Yellen has to say after the announcement than on the rate increase itself&comma; which is expected to be only a quarter of a percentage point&period;<&sol;p>&NewLine;<p>The yield on the 10-year Treasury note rose to 2&period;61&percnt; from 2&period;58&percnt; late Friday and is approaching its highest level since 2014&period; The two-year yield rose to 1&period;37&percnt; from 1&period;35&percnt;&comma; while the 30-year yield climbed to 3&period;21&percnt; from 3&period;16&percnt;&period;<&sol;p>&NewLine;<p>In Europe&comma; France&&num;8217&semi;s CAC 40 rose 0&period;1&percnt;&comma; Britain&&num;8217&semi;s FTSE 100 rose 0&period;3&percnt; and Germany&&num;8217&semi;s DAX rose 0&period;2&percnt;&period; In Asia&comma; Japan&&num;8217&semi;s Nikkei 225 stock index rose 0&period;1&percnt;&comma; South Korea&&num;8217&semi;s Kospi rose 1&percnt; and the Hang Seng in Hong Kong jumped 1&period;1&percnt;&period;<&sol;p>&NewLine;<p>Urban Outfitters had the biggest loss in the S&&num;038&semi;P 500 after dropping 96 cents&comma; or 3&period;8&percnt;&comma; to 24&period;21 dollars&period; S&&num;038&semi;P Dow Jones Indices said on Friday that it will remove the retailer from the S&&num;038&semi;P 500 index of large stocks and put it in the S&&num;038&semi;P 400 index of mid-cap stocks instead&period;<&sol;p>&NewLine;<p>Mobileye&comma; an Israeli autonomous-driving company&comma; surged after it agreed to sell itself to Intel for 63&period;54 dollars per share in cash&period; Its U&period;S&period;-listed shares rose 13&period;35 dollars&comma; or 28&period;2&percnt;&comma; to 60&period;62 dollars&period; Intel slipped 75 cents&comma; or 2&period;1&percnt;&comma; to 35&period;16 dollars&period;<&sol;p>&NewLine;<p>The dollar largely held steady against its rivals&period; It dipped to 114&period;77 Japanese yen from 114&period;78 yen late Friday&period; The euro fell to 1&period;0660 dollars from 1&period;0692 dollars&comma; and the British pound rose to 1&period;2231 dollars from 1&period;2177 dollars&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecc73dd8da7">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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