Stocks Set to Dip as Traders Mull Evergrande, Fed: Markets Wrap

Stocks Set to Dip as Traders Mull Evergrande, Fed: Markets Wrap

(Bloomberg) -- Stocks looked set to fall Monday amid challenges for markets from the debt crisis at China Evergrande Group and a Federal Reserve meeting this week that’s expected to hint at moving toward scaling back stimulus.

Futures for Australia and Hong Kong fell, while markets in Japan, China and South Korea are closed for holidays. The S&P 500 slid the most in a month Friday, a selloff that poses a challenge to the dip-buying psychology in the U.S. as the gauge tests its 50-day moving average. The Nasdaq 100 also retreated.