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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

US open: Boeing losses weigh on Dow

(Sharecast News) - Wall Street trading got off to a mixed start on Monday after major indices started the new year off by snapping their nine-week winning streak. As of 1530 GMT, the Dow Jones Industrial Average was down 0.27% at 37,363.35, while the S&P 500 advanced 0.42% to 4,717.03 and the Nasdaq Composite came out the gate 1.02% firmer at 14,672.77.

The Dow opened 102.76 points lower on Monday, easily reversing the previous session's small gain.

Last week was, on the whole, a disappointing first week of the year for major indices as mega-cap tech stocks underperformed and Treasury yields rose on the back of elevated uncertainty around the path of future rate cuts from the FOMC.

On Monday, traders will keep one eye focussed on Washington as lawmakers attempt to avoid a government shutdown, with congressional leaders announcing a deal setting up $1.59trn in top-line spending.

Also in focus, the yield on the benchmark ten-year Treasury note swung back above the psychologically important 4% mark before the open and was sitting at 4.005%.

On the macro front, consumer credit chase figures for November will be published at 2000 GMT.

In the corporate space, plane builder Boeing was sharply lower in early trading, weighing on the Dow, following news that the Federal Aviation Administration had ordered a temporary grounding of dozens of its 737 Max 9 aircraft after experiencing a blowout incident on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $47.97 2.30% Salesforce.Com Inc. (CRM) $256.76 2.25% Apple Inc. (AAPL) $183.43 1.24% Walgreens Boots Alliance, Inc. (WBA) $25.21 0.80% Microsoft Corp. (MSFT) $370.07 0.63% Home Depot Inc. (HD) $344.89 0.57% Walmart Inc. (WMT) $157.57 0.55% Walt Disney Co. (DIS) $91.29 0.42% Unitedhealth Group Inc. (UNH) $538.94 0.29% Procter & Gamble Co. (PG) $147.82 0.27%

Dow Jones - Fallers

Boeing Co. (BA) $228.60 -8.19% Chevron Corp. (CVX) $146.68 -2.48% JP Morgan Chase & Co. (JPM) $169.57 -1.56% Verizon Communications Inc. (VZ) $39.62 -1.46% American Express Co. (AXP) $187.00 -1.09% Travelers Company Inc. (TRV) $191.02 -1.06% Goldman Sachs Group Inc. (GS) $383.21 -0.84% Caterpillar Inc. (CAT) $286.96 -0.68% Johnson & Johnson (JNJ) $160.12 -0.63% 3M Co. (MMM) $108.01 -0.53%

S&P 500 - Risers

Baxter International Inc. (BAX) $41.83 6.81% Arista Networks Inc. (ANET) $242.67 5.09% Nvidia Corp. (NVDA) $514.43 4.78% Advanced Micro Devices Inc. (AMD) $143.95 3.88% American Airlines Group (AAL) $14.10 3.64% Coty Inc. Class A (COTY) $11.88 3.12% HP Inc (HPQ) $30.86 3.04% Gap Inc. (GPS) $21.42 3.03% Nordstrom Inc. (JWN) $18.15 2.83% Cadence Design Systems Inc. (CDNS) $259.43 2.66%

S&P 500 - Fallers

Boeing Co. (BA) $228.60 -8.19% Helmerich & Payne Inc. (HP) $33.38 -5.39% Halliburton Co. (HAL) $34.26 -4.77% Schlumberger Ltd. (SLB) $49.50 -4.55% National Oilwell Varco Inc. (NOV) $19.72 -4.23% FMC Technologies Inc. (FTI) $19.02 -4.08% Marathon Oil Corp. (MRO) $23.42 -3.98% Alaska Air Group Inc. (ALK) $36.52 -3.77% Incyte Corp. (INCY) $62.81 -3.75% Devon Energy Corp. (DVN) $44.35 -3.45%

Nasdaq 100 - Risers

Nvidia Corp. (NVDA) $514.43 4.78% American Airlines Group (AAL) $14.10 3.64% Cadence Design Systems Inc. (CDNS) $259.43 2.66% Synopsys Inc. (SNPS) $497.24 2.56% KLA-Tencor Corp. (KLAC) $558.07 2.53% Align Technology Inc. (ALGN) $271.05 2.40% Autodesk Inc. (ADSK) $234.96 2.37% Broadcom Inc. (AVGO) $1,073.95 2.35% Intel Corp. (INTC) $47.97 2.30% Asml Holdings N.V. (ASML) $717.76 2.05%

Nasdaq 100 - Fallers

JD.com, Inc. (JD) $25.53 -4.31% Incyte Corp. (INCY) $62.81 -3.75% Regeneron Pharmaceuticals Inc. (REGN) $884.29 -3.16% Trip.com Group Limited (TCOM) $37.19 -2.78% Biogen Inc (BIIB) $252.54 -2.07% NetEase Inc. Ads (NTES) $89.53 -1.82% Verisk Analytics Inc. (VRSK) $230.40 -1.41% Baidu Inc. (BIDU) $116.49 -1.40% Hologic Inc. (HOLX) $72.05 -1.23% Biomarin Pharmaceutical Inc. (BMRN) $95.63 -0.88%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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