NEW YORK, New York – U.S. stocks were mixed at the close on Monday in light trading, with many global bourses closed for the Easter Monday holiday.

“We’re seeing what we believe is the same investor narrative, which is uncertainty around the mixed economic data, which is driving uncertainty around Fed policy and a greater concern, particularly with Friday’s strong employment data, that the Fed may again move forward with another rate hike,” AXS Investments’ Greg Bassuk told CNBC Monday.

“Investors have greater concerns about a potential U.S. recession, and the markets seem to be under greater pressure as the Fed decision looms,” Bassuk added.

The Dow Jones industrials did best, rising 101.23 points or 0.30 percent to 33,586.52.

The Standard and Poor’s 500 added 4.09 points or 0.10 percent to 4,109.11.

The Nasdaq Composite dipped 3.60 points or 0.03 percent to 12,084.36.

On Monday, the foreign exchange market saw the U.S. dollar gather steam. The euro, British pound, and Canadian dollar were all sold off.

The eased to 1.0860, representing a 0.07 percent loss.

The Japanese yen exchange rate closed at 133.56, a 0.01 percent decrease.

The Canadian dollar exchange rate also saw a 0.01 percent decline tp 1.3506.

The British pound dropped to 1.2380.

The Swiss franc exchange rate remained steady at 0.9093.

The Australian dollar closed at 0.6635, representing a 0.08 percent decline, while the New Zealand dollar fell to 0.6216.

Global stock markets closed with mixed results on Monday. The FTSE 100 index in London closed up 1.03 percent at 7,741.56, while the DAX PERFORMANCE-INDEX in Frankfurt gained 0.11 percent to close at 15,597.89. However, the CAC 40 in Paris fell 0.29 percent to close at 7,324.75.

In Asia, the Nikkei 225 in Tokyo rose 0.42 percent to close at 27,633.66, while the HANG SENG INDEX in Hong Kong fell 0.38 percent to close at 20,331.20. The SSE Composite Index in Shanghai and the Shenzhen Index closed lower, falling 0.37 percent and 0.80 percent, respectively.

In North America, the S&P/TSX Composite index in Toronto closed up 0.39 percent at 20,275.82, while the Russell 2000 index in New York gained 1.02 percent to close at 1,772.44. However, the NYSE COMPOSITE (DJ) and NYSE AMEX COMPOSITE INDEX closed slightly higher, gaining 0.31 percent and 0.64 percent, respectively.

Meanwhile, the CBOE Volatility Index, also known as the VIX, rose 3.10 percent to close at 18.97, indicating an increase in market uncertainty.

Overall, the day saw a mixed bag of results, with some indices posting gains while others closed in the red. The markets appear to be reacting to a variety of factors, including economic data, corporate earnings, and geopolitical tensions.