Stock Market Today: Smart Money Eases Out of U.S. Stocks

NEW YORK (TheStreet) -- Money from large investors has slowed its flow into U.S. equities in the lead-up to the Federal Reserve's policy meeting announcement this Wednesday, contributing to the dull finish of the U.S. stock markets on Monday.

The Dow Jones Industrial Average was up just 0.26% to 17,031.14. The S&P 500 ticked down 0.07% to 1,984.13. The Nasdaq fell 1.07% to 4,518.90.

Watch the video below for a closer look at how U.S. markets ended the trading day Monday:

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Recent active investment manager surveys are showing a slight reduction in exposure to U.S. equities in recent weeks, according to Schaeffer's Investment Research's senior equity analyst Joe Bell.

The stake reductions began a couple of weeks ago as the SPX's rally up to 2,000 acted as a logical area of selling pressure, according to Bell. With the very strong rally during the month of August, it made sense for the market to take a bit of a breather. Furthermore, September is typically the weakest month of the year. Feeding the downward pressure also has been a cut in the Organization for Economic Co-operation and Development economic growth outlooks for the U.S. and European Union on Monday.

"With the FOMC decision coming up, many investors continue to slow down their purchases of U.S. equities," said Bell.

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