Stock Market Today: Stocks End Higher As Fed Meeting Looms; End-of-Year Deals Boost M&A

Updated at 4:15 pm EST

Stocks finished higher Monday as investors treaded cautiously into the final full trading week of the year focused on the Federal Reserve‘s pending rate decision and renewed concerns for recession in the world’s biggest economy.

Investors will navigate a host of key data releases this week, including a Commerce Department estimate of consumer price inflation Tuesday, as they head towards the holiday-shortened trading period to close out what has been a difficult year for U.S. stocks, with the S&P 500 down 17.5% and the Nasdaq Composite down nearly 30%.