Boeing Boosts Dow While Investors Await Powell
Friday, 23 August 2019 04:03 WIB |
MARKET UPDATE |DOW JONESS & P 500SahamAS
Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday.
The Dow finished the day up 0.2%, or about 50 points. But Boeing's shares were up more than 4.3% and added nearly 98 points to the blue-chip index by itself.
At the same time, the S&P 500 slipped a very modest 0.05% and the Nasdaq Composite fell 0.36%.
Boeing was surging because of its Tuesday announcement that it is marshaling a temporary workforce of several hundred workers to help get 737 Max jetliners back into service once the FAA and others agree that its fixes to the jet's problems will work.
Source : Investing.com
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