NEW YORK (AP) — Stocks edged lower in early trading Tuesday as the Federal Reserve started a two-day meeting.
KEEPING SCORE: The Standard & Poor's 500 index fell four points, or 0.2 percent, to 1,782 in early trading. The Dow Jones industrial average was little changed at 15,885. The Nasdaq composite dropped 10 points, or 0.3 percent, to 4,019. Stock indexes rose sharply on Monday.
JUMBO BUYBACK: Boeing gained $1.98, or 1.5 percent, to $136.74 after the plane maker increased its stock buyback program by $10 billion and raised its dividend 52 percent. 3M climbed $2.69, or 2.11 percent, to $131.09 after raising its dividend by 35 percent. The company also forecast solid earnings next year.
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