S&P 500, Nasdaq Rise, But Dow Faces Boeing-Fueled Fall After Ethiopian Airlines Crash
Monday, 11 March 2019 21:06 WIB |
MARKET UPDATE |DOW JONESS & P 500SahamAS
The Dow Jones Industrial Average fell at the start of trade Monday, with Boeing Co. shares weighing on the blue-chip index after a second deadly crash in about six months involving its 737 Max 8 aircraft.
The Dow Jones Industrial Average slid 140 points, or 0.6%, to 25,304, while the S&P 500 index was up 14 points, or 0.5%, at 2,757. The Nasdaq Composite Index rose 65 points, or 0.9%, to 7,473.
Shares of the Boeing the Dow™s most heavily weighted company, fell more than 11% Monday morning, after one of the company™s 737 Max 8 planes operated by Ethiopian Airlines crashed shortly after take off from the capital of Addis Ababa on Sunday, leaving no survivors among the 157 on board.
Source : Marketwatch