Dish Network Stock Gains, GM Jumps as Stock Market Stalls Ahead of the Fed - Barron's

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Stocks look set for a mixed open as investors await the Federal Reserve’s announcement in the afternoon. 

Futures on the Dow Jones Industrial Average slipped 21 points, or 0.1%, while S&P 500 futures were little changed and Nasdaq Composite futures advanced 0.1%. 

Investors are in wait-and-see mode, as the Fed will reveal the direction of monetary policy. Among the most pressing questions: When will the central bank reduce the current bond purchasing program, which would likely lower bond prices, lift their yields, and be a negative for stock valuations. “Stock futures are flat this morning as a sense of Fed paralysis grips global markets ahead of the FOMC announcement,” writes Tom Essaye, founder of Sevens Report Research. 

Essaye added that if the Fed officially states that it will begin its tapering program, stocks could perform poorly. But if the Fed merely admits it is considering tapering, stocks may not fall. 

Here are five stocks making moves in Wednesday’s premarket action:

Dish Network (DISH) has gained 2.1% after getting upgraded to Buy from Hold at Pivotal Research.

U.S. Steel (X) has dropped 1.1% after getting assumed with Underweight from Neutral at JPMorgan.

General Motors (GM) has risen 2.1% after it said it would increase spending on electric by 30% by 2025.

Oracle (ORCL) has dropped 5.2% after beating earnings forecasts but offering disappointing guidance.

Meme stocks were trading lower. AMC Entertainment Holdings (ticker: AMC) stock fell 4.1%, while GameStop (GME) stock declined 3.7%. 

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com

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Dish Network Stock Gains, GM Jumps as Stock Market Stalls Ahead of the Fed - Barron's
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