[BRIEFING.COM] It has been a relatively quiet afternoon for stocks, which keeps the major averages on pace for their second consecutive lower finish to start the week.
Crypto-related stocks are extending their losses after the U.S. Senate failed to advance the Clarity Act in its first procedural vote, which required 60 votes to pass.
Coinbase Global (COIN 174.25, -17.20, -8.98%) remains among the worst-performing S&P 500 components. Attention is also turning to tomorrow's FOMC decision, with the CME FedWatch Tool currently assigning a 94.5% probability to a 25-basis-point rate hike.