Stocks slip on Wall Street as Federal Reserve begins policy meeting; Boeing and 3M higher

NEW YORK, N.Y. – Stocks are slipping on Wall Street in midday trading as traders hold back at the beginning of a two-day policy meeting of the Federal Reserve.

The Dow Jones industrial average was down 36 points, or 0.2 per cent, at 15,848 as of noon (1700 GMT) Tuesday.

The Standard & Poor’s 500 index was down nine points, or 0.5 per cent, at 1,777. The Nasdaq composite fell 15 points, or 0.4 per cent, at 4,015.

NL Industries slumped 6 per cent after a California judge found the company to be among several that marketed paint they knew was harmful to children. The companies were ordered to pay $1.1 billion to 10 California cities and counties so lead can be safely removed from millions of older homes.

Boeing and 3M rose the most in the Dow.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.

Leave a Reply

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.