Dow Jones Falls As Disney Gets Huge Bid; Fed Meet Looms| Investor’s Business Daily

The major indexes finished near session lows on witching Friday ahead of the Federal Reserve meeting next week. The Dow Jones Industrial Average failed to reclaim its 50-day moving average and fell nearly 300 points, finishing 0.8% lower at 4 p.m. ET.

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The S&P 500 and Nasdaq composite suffered a harsher fate and fell 1.2% and 1.6%, respectively on Friday. Both indexes finished near session lows and below their 50-day moving average.

The Federal Reserve will hold a two-day meeting…