Fed Meeting To Impact Dow Jones Industrial Average Greatly Today

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March 19, 2018 6:29am INDEXDJX:.DJI NYSE:DIA

INDEXDJX:.DJI | News, Ratings, and Charts

From Ryan McQueeney: Stocks ended last week with a decent day of trading on Friday. The 30-stock Dow Jones index was the biggest gainer among major U.S. indicators, while the tech-heavy Nasdaq struggled to remain in the green throughout the day.

This divergence is starting to become more apparent, leading some investors to ponder whether Wall Street is starting to choose sides between traditional industry titans and high-growth tech companies.

Major Indexes

Dow Jones Industrial Average: 24,946.51 / +0.3%

Nasdaq: 7,481.99 / +0.0%

S&P 500: 7,481.99 / +0.2%

Zacks Rank #1 (Strong Buy) Top Movers

Value: DAQO New Energy (DQ – Free Report) – +3.7%

Growth: Hamilton Lane (HLNE – Free Report) – +3.4%

Momentum: Solaris Oilfield Infrastructure (SOI – Free Report) – +3.4%

Income: US Ecology (ECOL – Free Report) – +4.4%

Top Headlines

Friday’s Top Movers: 3 Stocks to Watch

Stocks opened higher on Friday morning amid continued trade tensions and major merger news. Here’s a shortlist of today’s top movers to keep an eye on as the trading week wraps up!

Upcoming Earnings Reports to Watch: ORCL, NKE, MU

Several major companies with non-traditional calendars report earnings in the coming days. Make sure to keep an eye on these companies as they prepare to report during the week of March 19!

Housing Starts & Permits Weaker, Tiffany Beats

Analysts appear to be looking for signs of inflation accelerating in our current economy. Yet for every signal that may be happening, we see something else that walks some of that sentiment back. Take this morning’s Housing Starts and Permits reports for example.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

The Federal Reserve meeting is on tap today, with new chairman Jerome Powell set to preside over the proceedings for the first time.

The SPDR Dow Jones Industrial Average ETF (DIA) fell $1.55 (-0.62%) in premarket trading Monday. Year-to-date, DIA has gained 0.70%, versus a 2.75% rise in the benchmark S&P 500 index during the same period.

DIA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #3 of 80 ETFs in the Large Cap Value ETFs category.

This article is brought to you courtesy of Zacks Research.

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