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.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
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.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.