Dow Continues To Post Modest Loss In Mid-Day Trading

Stocks remain mostly positive in mid-day trading on Thursday, although the Dow continues to buck the uptrend amid a steep drop by shares of Boeing (BA).

Currently, the Dow is down 18.91 points or 0.1 percent at 26,517.91, with a 2.3 percent drop by Boeing weighing on the blue chip index.

Boeing came under pressure after the FAA said it recently discovered a new potential risk with the 737 Max aircraft that the aerospace giant must mitigate before the plane is returned to service.

On the other hand, the tech-heavy Nasdaq is up 33.51 points or 0.4 percent at 7,943.48 and the S&P 500 is up 8.34 points or 0.3 percent at 2,922.12 after closing lower for four straight sessions.

The advance by the broader indexes comes as traders look ahead to the highly anticipated G20 meeting between President Donald Trump and Chinese President Xi Jinping.

Trump and Xi are not expected to come out of the meeting with a finalized trade deal, but traders will be looking for signs of progress toward kick-starting the stalled negotiations between the two economic superpowers.

A report from the Wall Street Journal said Xi plans to present Trump with a set of terms the U.S. should meet before Beijing is ready to settle the trade dispute.

Lifting the ban on the sale of U.S. technology to Chinese telecom giant Huawei, removing all tariffs and dropping efforts to get China to buy more U.S. exports are reportedly among the preconditions.

However, Trump is not likely to appreciate Xi dictating terms and has repeatedly threatened to escalate the trade war with new tariffs on the remaining Chinese imports.

Some positive sentiment was generated by a report from the National Association of Realtors showing pending home sales rebounded by slightly more than anticipated in the month

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