Wall Street's main indices closed in the red on Monday as investors eagerly awaited a crucial Federal Reserve monetary policy update. Most sectors within the S&P 500 experienced losses, and although hopes for a December rate cut have been bolstered by recent consumer spending data, the market remains tense.

In a day marked by volatility, Paramount Skydance drew significant investor focus with its hostile bid of $108.4 billion to acquire Warner Bros Discovery, challenging Netflix in the process. This move sent Warner Bros Discovery shares up, while Netflix's shares dragged on the S&P 500 Communication Services Index.

Technology stocks were the day's standout, powered by giants like Microsoft and Nvidia. Meanwhile, anticipation builds around upcoming tech earnings reports, and Confluent sh

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