At the close of U.S. trade, the Dow Jones Industrial Average fell 0.03%, the S&P 500 index stayed flat, while the Nasdaq Composite index edged 0.01% lower.
German magazine Der Spiegel reported Sunday that the ECB may set an interest rate threshold on purchases of euro-area sovereign debt at its next policy meeting in September, beyond which its bond buying program would be activated.
Responding to the report, the EBC said it was "absolutely misleading" to report on decisions that have not yet been taken, and added that it would act "strictly within its mandate".
Meanwhile, investors were looking ahead to a series of euro zone meetings later in the week to discuss measures to ease the debt crisis.
Market participants were also anticipating the minutes of the Fed’s August policy meeting later in the week, amid speculation over how close the U.S. central bank may be to implementing another round of stimulus measures.
Dow Jones Recommended Levels for 8/21/2012
Today's support: - 13283.20 and 13249.50(main), where a delay and correction may happen. After that 13218.80. Break of the latter will give 13175.40, where correction also can be. Then follows 13134.12. Be there a strong impulse, we shall see 13083.30. Continuation will bring 13062.23.
Today's resistance: - 13339.80(main), where a delay and correction may happen. Break would bring 13364.18, where a correction may happen. Then follows 13387.50, where a delay and correction could also be. Be there a strong impulse, we'd see 13412.60. Continuation would bring 13435.33.
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