Wall Street awaits monthly Fed meeting

The Dow traded 4 points higher, erasing earlier losses. The 30-stock index’s gains were capped by losses in Boeing, however. The S&P 500 added 0.35 percent and the Nasdaq rose 0.5 percent, but their gains were kept in check by a slide in Facebook.

Facebook shares fell 2 percent after an analyst at Needham downgraded the company to hold from buy, citing worries about Facebook’s pivot to privacy and encrypted messages as well as the possibility of more regulatory scrutiny.

Boeing fell more than 2.5 percent after The Wall Street Journal reported the Department of Transportation and federal prosecutors were scrutinizing the development of the company’s 737 Max planes. This comes after an Ethiopian Airlines flight involving the 737 Max 8 jet crashed last week.

By admin

PennyStockPlay is committed to providing our members with the most informative and accurate penny stock trading information available on the Internet today. The team at PennyStockPlay is dedicated to turning even the most novice trader into a seasoned one. No one can guarantee gains, and if they do they are lying. There is always a minimum level of risk, as small as it can be, it is still present. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost, and current performance may be lower or higher than the performance quoted. We believe that the well-educated investor is a wealthy one, so subscribe to our newsletter by entering your email address in the opt-in box below and let us help you build a stock portfolio that will be the envy of all of your peers!