U.S. stocks were largely higher on Tuesday with the Dow Jones Industrial Average rising by triple digits as the Federal Reserve kicks off its two-day policy meeting in Washington.
Shares of Boeing Co. (BA) rose by more than 2% helping to power the Dow higher. The stock was up after the company announced a 20% hike to its quarterly dividend and an $18 billion share repurchase plan. Boeing will now pay out $1.71 a share, up from $1.42.
Meanwhile, shares of the Walt Disney Co. (DIS) were in focus after rival Comcast Corp. (CMCSA) announced that it was no longer pursuing the purchase of entertainment assets from Twenty-First Century Fox Inc. (FOXA) . A deal between Disney and Fox could be announced on Thursday, CNBC reported.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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