Boeing weighs on Dow as Wall Street awaits US-China trade talks

Adam Sarhan of 50 Park Investment said investors have been cautious ahead of the talks, but that stocks could rally on progress.

"If we have a positive outcome we could see a scenario where stocks rally," Sarhan said."They don't need necessarily to find a deal."The broad-based S&P 500 gained 11.14 points to 2,924.92, while the tech-rich Nasdaq Composite Index advanced 57.79 points to 7,967.76. Shares of Boeing slid 2.9 per cent after the Federal Aviation Administration identified a new issue with the 737 MAX that could further push back the timetable to return the plane to the sky after two deadly crashes.

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