Dow slips as Fed statement pushes, pulls stocks
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The S&P 500 and Nasdaq rose today after Federal Reserve said the economy was beginning to improve and orders for durable goods unexpected climbed, but it wasn't enough to push the Dow Jones industrial average into positive territory. Blue-chip stocks fell 23 points, or 0.28 percent, to close a hair below 8,300. Investors seemed disappointed
that the Fed said it wouldn't boost its purchases of Treasury bonds and other debt.
The Dow's biggest loser was Boeing (BA
), which dropped 5.8 percent a day after the company said its 787 Dreamliner jet wouldn't be ready to fly for the first time this month as hoped. Fourteen of the Dow's 30 stocks also posted declines.
For more stocks making moves today, be sure to check out BloggingStocks' market wrap-up