Wall Street mixed in cautious trade ahead of Fed

Wall Street shares ended mixed Monday as jitters ahead of a Federal Reserve meeting and key data on the US economy kept trade cautious despite a flurry of corporate dealmaking news.

The market digested a 23-billion-dollar takeover unveiled for chewing gum giant Wrigley and a big investment in Ford Motor Co., which sparked some early buying interest before a late-day selloff.

In a choppy session, the Dow Jones Industrial Average closed down 20.22 points (0.16 percent) at 12,871.75 while the Nasdaq composite eked out a gain of 1.47 points (0.06 percent) to 2,424.40.

The Standard & Poor's 500 broad-market index edged down 1.47 points (0.11 percent) to finish at 1,396.37.

(Agencies)