Dow's Rise Toward Record High Capped by Roughly 85-Point Drag From Boeing's Stock
Monday, 21 October 2019 23:24 WIB |
MARKET UPDATE |SahamASS & P 500DOW JONES
U.S. stock benchmarks edged higher Monday, amid optimism over tariff talks and better-than-expected corporate earnings, but a decline in shares of Boeing was capping gains in the blue-chip Dow index.
The Dow Jones Industrial Average edged 20 points, or less than 0.1%, higher at 26,790.
Boeing Co.™s stock extended its decline to a two-month low, down 3.6%, following a report on Friday that said the company may have misled federal aviation authorities about the safety of the 737 Max jet. The drop was producing a roughly 85-point drag on the aviation and defense contractor. The company has traded down three straight sessions.
The S&P 500 index meanwhile, advanced 16 points, or 0.5%, to 3,001.81, while the Nasdaq Composite Index climbed 63 points, or 0.8%, to reach 8,152.
Source : Marketwatch