NEW YORK, March 21 (UPI) -- U.S. markets ended down Monday on fears that surging oil prices may fuel inflation and result in interest rates rising even higher then expected.
The blue-chip Dow Jones Industrial Average ended down 64.28 points, or 0.41 percent, to close at 10,565.39, while the tech-heavy Nasdaq Composite Index ended down 0.28 points, or 0.01 percent, ending at 2,007.51. The Standard and Poor's 500 ended down 5.87 points, or 0.49 percent, to finish the date at 1,183.78. On the Big Board, 1.4 billion shares were traded.
In currency trading, the euro traded at $1.3155 Monday, down from $1.3322 Friday. The greenback rose against the yen, trading at 105.16 yen, up from 104.72 Friday.
Investors were expecting the U.S. Federal Reserve to raise interest rates by a quarter point to 2.75 percent in its seventh successive increase Tuesday.
The benchmark 10-year Treasury fell 3/32, or 94 cents for each $1,000 invested, pushing the yield up to 4.52 percent.
Major markets in Asia closed higher Monday. Japanese markets were closed for a holiday.
In London, the FTSE 100 gained 10.2 points to close at 4,933.5 after reaching an intraday high of 4,952.2 points.
