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NEW YORK (TheStreet) -- Major U.S. stock markets closed lower Monday as the excitement of corporate dealmaking led by Yahoo! was offset by investor concern that the Federal Reserve may curb its bond-buying economic stimulus program.

The S&P 500 closed off 0.07% to 1,666.29 while the Dow Jones Industrial Average lost 0.12% to 15,335.51. The Nasdaq slid 0.07% to 3,496.43.

The Fed's Open Market Committee is expected to publish its minutes on Wednesday offering investors clues about whether the central bank plans to continue buying roughly $85 billion in assets each month to stimulate the U.S. economy. Conservativea among the bank's presidents have dominated the conversation in recent weeks, warning that the program is adding to inflation while holding back economic growth.

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