Stock Market News: Canopy Growth Takes Another Hit; Boeing Sees Changes at the Top

Major benchmarks made small moves on Monday morning, failing to sustain upward momentum from Friday's big rise. Despite hopes for progress on the trade front, it appears that there's still work to do before the U.S. and China will find common ground toward a longer-term deal. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 18 points to 26,834. The S&P 500 (SNPINDEX: ^GSPC) gave up a point to 2,969, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 4 points to 8,061.

Many traders are taking the holiday off, but there were still some intriguing storylines playing out in the markets. Canopy Growth (NYSE: CGC) saw yet another day of declines as the marijuana stock rout continued. Meanwhile, Boeing (NYSE: BA) made a big change in its board of directors that signals rising frustration within the aerospace company about the long road back toward getting the 737 MAX aircraft line back in production.

Shares of Canopy Growth fell 3% after the Canadian marijuana company got more negative comments from the stock analyst community. Today's gloom came from Seaport Global, which downgraded Canopy from buy to neutral.

Source Fool.com