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Wall Street rises ahead of Fed meeting

Video Credit: Reuters Studio - Duration: 01:05s - Published < > Embed
Wall Street rises ahead of Fed meeting

Wall Street rises ahead of Fed meeting

Wall Street edged higher on Monday ahead of the Federal Reserve policymakers meeting this week.

Boeing and Facebook were a drag.

Fred Katayama reports.

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Wall Street rises ahead of Fed meeting

Wall Street darted in and out of postiive territory Monday before ending higher.

Investors made modest moves ahead of the Federal Reserve's policy meeting this week.

The Dow gained a quarter percentage point to 25,914; the S&P rose four-tenths percent to 2832, and the Nasdaq up a third of a perent to 7714.

Duff & Phelps Investment Management executive managing director, John Creswell: SOUNDBITE: DUFF & PHELPS INVESTMENT MANAGEMENT EXECUTIVE MANAGING DIRECTOR, JOHN CRESWELL, (ENGLISH) SAYING: "I think we've had a strong move back since the beginning of the year.

Our firm is constructive on the markets.

So I think the bias is towards higher." Boeing shares fell further.

An Ethiopian Transport Ministry official said an initial analysis of the black boxes recovered from the wreckage of the Boeing jet revealed similarities with Lion Air's accident in Indonesia in October.

Shares of Facebook dropped.

A top ranked analyst at Needham downgraded the social networking company to "hold" from "buy".

Apple rose.

The iPhone maker made a surprise move Monday, launching a new 10.5-inch iPad Air ahead of the company's expected March 25 launch of its content streaming service.




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