Stocks Opened Mostly Higher ahead of Fed Meeting

U.S. stocks opened mostly higher on Monday, as investors looked ahead to this week’s meeting of Federal Reserve policy makers, while losses for aircraft maker Boeing again weighed on the Dow Jones Industrial Average. The Dow Jones Industrial Average lately fell 32.65 points, or 0.13%, to 25,816.22. The S&P 500 was up 5.47 points, or 0.19%, to 2,827.95. The Nasdaq Composite gained 16.74 points, or 0.22%, to 7,705.27.

Oil futures slumped Monday but were well off the lowest levels of the day as the market continued to assess the state of supply. April West Texas Intermediate crude was down 25 cents, or 0.4%, to $58.26 a barrel. May Brent crude lost 9 cents, or 0.1%, to $67.07 a barrel.

On Wednesday, the Federal Open Market Committee will release its latest policy statement and Fed Chairman Jerome Powell will hold a press conference to discuss the central bankers’ deliberations.

The U.S. Department of Transportation launched a probe into whether there were lapses in the approval of Boeing 737 Max planes after a fatal crash in Indonesia last October, The Wall Street Journal reported on Sunday.