It's going to be a busy week on Wall Street. Stocks had a mixed start at the open as Boeing and Facebook shares fell and investors prepared for tomorrow's Fed meeting.
div > div.group > p:first-child"> The 30-stock index fell 26 points as Boeing and Disney led the decline. The S&P 500 and Nasdaq Composite, meanwhile, both rose more than 0.1 percent, but their gains were kept in check by a slide in Facebook shares.
Facebook shares also fell more than 2 percent after an analyst at Needham downgraded the company to hold from buy, citing worries about Facebook's pivot to privacy and encrypted messages as well as the possibility of more regulatory scrutiny. "When FOMC members meet this week, they will find that since their last get together at the end of January short-term yield relationships are still forewarning lower growth despite concerted jaw-boning efforts that include the promise of ending balance sheet reduction early," said Steven Blitz, chief U.S. economist at TS Lombard.
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