The Dow fell from its record high and snapped a seven-day winning streak on Tuesday ahead the Federal Reserve's upcoming policy announcement.
 | TUE, MAR 16, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 125.57 | +1.58 | +1.27% | | INTC | 64.78 | +0.99 | +1.55% | | BA | 255.21 | -10.42 | -3.92% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 12.49 | -0.71 | -5.38% | | AAPL | 125.57 | +1.58 | +1.27% | | GE | 13.15 | -0.20 | -1.50% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 125.57 | +1.58 | +1.27% | | AMD | 82.75 | +0.25 | +0.30% | | TSLA | 676.88 | -31.06 | -4.39% | |
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The Dow Jones Industrial Average slid 127 points from a record as investors took some money off the table ahead of a big update from the Federal Reserve Wednesday. Big tech stocks were among today's winners, however. Apple added 1.3%, while Microsoft rose 1.2%. Facebook jumped about 2%. Recovery-focused stocks slowed as the day went on, with declines in financial firms and industrials.  Names in the red this afternoon included American Express, which declined 2.5%, and Goldman Sachs down nearly 1.3%. Honeywell declined close to 2%. Fed Chairman Jerome Powell and his central bank colleagues will need to walk a fine line tomorrow to acknowledge the stronger economic outlook and the recent rapid uptick in rates, while at the same time assuring investors that they will maintain their current easy monetary policy. "The basic line is, 'Everything looks a little better, but there's still a lot of uncertainty and we're not going to do anything soon,'" said Bill English, a finance professor at the Yale School of Management. |
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