Stock Futures Tick Higher After Best Week Of The Year; Boeing Weighs On Dow

www.oann.com | 3/13/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
(Reuters) – U.S. stock futures eked out gains on Monday following the S&P and Nasdaq’s strongest weekly gain this year, while investors waited for further details from a Federal Reserve policy meeting later this week.

The Dow futures were under pressure from shares of Boeing Co which slipped 3 percent in premarket trading after Ethiopia said an initial analysis of black boxes showed “clear similarities” in the crash of an Ethiopian Airlines plane with October’s Lion Air crash.

Planes - Boeing - MAX - Concerns - Plane

Both planes were Boeing’s money-spinning MAX 8s and concerns over the plane’s safety led to its grounding around the world last week, wiping off nearly $24.6 billion from Boeing’s market value.

At 7:07 a.m. ET, Dow e-minis were down 48 points, or 0.19 percent.

S - P - E-minis - Points - Percent

S&P 500 e-minis were up 2.75 points, or 0.1 percent and Nasdaq 100 e-minis were up 8.75 points, or 0.12 percent.

In focus this week is the Federal Reserve’s two-day policy meeting which begins on Tuesday, where the central bank is widely expected to stick to its pledge of a “patient” approach to monetary policy.

Investors - Policymakers

Investors will be looking for whether policymakers...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Do you exist for Something or Nothing?
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!