Dow Surges after Brutal Open but Boeing Bleeds in Wake of 737 MAX Crash

2019-3-12 19:24

Surging tech shares pulled the Dow and broader U. S. stock market out of a big hole on Monday, but a crisis-hit Boeing Co (BA) continues to struggle in the aftermath of a second deadly airline crash in five months.

Dow Recovers – for Now Wall Street’s major bourses opened sharply lower on Monday, reflecting a brutal pre-market session for Dow futures. After plunging 242 points, the Dow Jones Industrial Average is now up 108 points, or 0. 4%, at 25,558. 96. Twenty-nine of 30 index members reported gains, with Apple Inc. (AAPL) climbing 3. 2%. Shares of 3M Co (MMM) and DowDuPont (DWDP)

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Dow Futures Plunge 200 Points while Fed Chair Powell Claps Back at Trump

The Dow stands poised to suffer a sixth-consecutive loss ahead of Monday’s opening bell, with the US stock market bellwether enduring a triple-digit beating in the futures markets. All fingers are pointing to Boeing as the source of the index’s woes, but Federal Reserve Chair Jerome Powell’s comments about President Donald Trump in a 60 Minutes interview could have far more impact over the long-term.

2019-3-11 15:55