Stocks fall before Fed meeting; LinkedIn soars on buyout

NEW YORK (AP) — U.S. and global stocks were lower Monday, as investors waited to see what the Federal Reserve would do with interest rates later this week and awaited the fate of Britain's membership in the European Union.

While last month there was a large group of investors betting that the Fed would raise interest rates, the last two monthly jobs reports in the U.S. have put a damper on expectations.

Shares of professional social networking site LinkedIn soared $62.66, or 48 percent, to $193.67 after Microsoft announced it was purchasing the company for $26.2 billion in cash.

Brent crude, the benchmark for international oil prices, fell 48 cents to $50.06 a barrel in London.