3/18/2019, 2:33 PM (Source: TeleTrader)
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Wall Street opens mixed as Boeing drags Dow lower

Markets in the United States started the session mixed on Monday mixed ahead of this week's interest rate hike decision from the Federal Reserve. While policymakers are widely expected to leave rates unchanged, Fed chair Jerome Powell could provide more details on the central bank's balance sheet.

Meanwhile, Boeing continues to face pressure after it was reported the Department of Transportation is investigating the Federal Aviation Administration's (FAA) approval of the troubled aircraft manufacturer's 737 MAX planes.

The Dow Jones Industrial Average was 0.11% in the red shortly after the opening bell as Boeing fell over 2%. Meanwhile, the Nasdaq 100 gained 0.12% with Netflix leading the gains as it rose 1.91%. The S&P 500 advanced 0.15% in the first minutes of trading; medical device company Edwards Lifesciences soared nearly 8%. The euro jumped 0.18% against the dollar at 9:35 am ET, buying 1.13465.

Breaking the News / JC