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Mid-Day Update: US Stocks Little Changed Monday Ahead of Fed Meeting This Week


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US stocks were little changed at midday Monday ahead of this week's Federal Open Market Committee meeting as Boeing ( BA ) helped drag the Dow Jones Industrial Average slightly lower.

The Fed's two-day meeting is scheduled to conclude Wednesday and traders are expecting the committee to leave interest rates unchanged. The Dow was slightly underperforming other major market indexes as Boeing slumped after The Wall Street Journal reported that federal prosecutors and the Department of Transportation are looking into the development of the company's 737 MAX aircraft.

At midday, the Nasdaq and S&P 500 were both up fractionally while the Dow was off about 0.1%.

In global market s, stocks in Asia posted solid advances. Meanwhile, in Europe, the UK's FTSE-100 was up 0.8% while the German DAX slipped 0.3%.

In commodities, crude oil was last up 0.8% to $58.97 per barrel. Natural gas was up 1.7% to $2.84 per 1 million BTU. Gold futures rose 0.1% to $1,304 an ounce, while silver gained 0.2% to $15.35 an ounce.

Among energy ETFs, the United States Oil Fund is up 0.94% to $12.32 while the United States Natural Gas Fund is up 1.6% to $25.04. Among precious-metal funds, the Vectors Gold Miners ETF fell 0.5% to $22.20 while SPDR Gold Shares rose 0.2% to $123.22. The iShares Silver Trust is up 0.4% to $14.39.

Here's where the markets stand at mid-day:

US MARKETS

NYSE Composite Index was up 17.24 points (+0.14%) to 12,733.01

Dow Jones Industrial Average was down 25.26 points (-0.09%) to 25,823.60

S&P 500 was up 3.23 points (+0.11%) to 2,825.71

Nasdaq Composite Index was up 4.53 points (+0.05%) to 7,693.06

GLOBAL SENTIMENT

FTSE 100 was up 61.02 points (+0.84%) to 7,289.30

DAX was down 33.95 points (-0.29%) to 11,651.74

CAC 40 was up 1.10 points (+0.02%) to 5,406.42

Nikkei 225 was up 133.65 points (+0.62%) to 21,584.50

Hang Seng Index was up 395.75 points (+1.37%) to 29,409.01

Shanghai China Composite Index was up 74.67 points (+2.47%) to 3,096.42

NYSE SECTOR INDICES

NYSE Energy Sector Index was up 89.78 points (+0.84%) to 10,764.51

NYSE Financial Sector Index was up 31.15 points (+0.40%) to 7,887.80

NYSE Healthcare Sector Index was down 62.99 points (-0.39%) to 16,074.16

UPSIDE MOVERS

(+) LPTX (+4.57%) Phase 2 trial of DKN-01 in advanced gynecological malignancies show partial responses in patients and durable clinical benefit

(+) WP (+9.35%) Agrees to $43 billion takeover by FIS

(+) DARE (+132.61%) Reports positive results of exploratory study of DARE-VVA1 in vulvar and vaginal atrophy

DOWNSIDE MOVERS

(-) NIHD (-29.47%) Narrows Q4 loss, revenues slump

(-) ARPO (-68.94%) Phase 2b trial of AKB-9778 in diabetic retinopathy misses primary endpoint

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: BA , LPTX




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