US equities looking for direction in premarket

Monday, 18. March 2019 11:29

Stock indexes on Wall Street were little changed on Monday before the opening bell, where the Dow Jones Industrial Average was modestly in the red, against the backdrop of new troubles for Boeing Co. The company lost nearly 3% in premarket trading as the United States Department of Transportation decided to investigate the approval for 737 Max units given by the Federal Aviation Administration. The aerospace giant was hit by bans worldwide because of two fatal crashes.

Investors were focused on the upcoming meeting by the Federal Reserve, while also looking for information related to trade talks with China and the Brexit process. Monetary policy makers are widely seen scaling back the projection for interest rates increases, which would benefit equities, but they could also lower economic growth estimates.

Spot gold rose 0.26% to $1,305.5 per ounce at 6:28 am ET. The euro gained 0.24% to $1.13524 and the pound retreated 0.37% to $1.3242. The Dow was 0.24% in negative territory. The Nasdaq 100 index moved just 0.13% higher and the S&P was 0.05% up.

Related Links: Boeing Company
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