Boeing’s stock had been soaring. But after Sunday's deadly crash involving the aircraft maker’s popular 737, its stock fell 5.3%.
A sharp decline in Boeing held the Dow Jones industrial average back from gaining as much as the other major U.S. indexes.
The S&P 500 climbed 40.23 points, or 1.5%, to 2,783.30. The Dow rose 200.64 points, or 0.8%, to 25,650.88; earlier in the day, it was down as much as 242 points as Boeing slumped. Investors are still waiting for more details on any potential trade deal between the United States and China. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off.
Germany’s Deutsche Bank rose 5% after reports that it agreed to hold merger talks with rival Commerzbank.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. says Boeing 737 MAX 8 airworthy but says Boeing will make design changesThe United States told international carriers on Monday that the Boeing 737 MAX ...
Read more »
Wall Street lifted by tech shares, heavyweight Boeing pares lossesU.S. stocks rose after five straight sessions of declines on Monday boosted by t...
Read more »
Boeing alone will cost the Dow more than 200 points as stock heads for big declineBoeing is set to tumble more than 8 percent on Monday, a move that will likely keep the Dow Jones Industrial Average lower on the day.
Read more »
Boeing stock is set to plunge again after Australia joins Singapore in suspending 737 Max flights
Read more »
Dow set to fall | Boeing stock drops, again | Musk lawyers slam SECFutures are pointing to losses on Wall Street this morning, following a session that saw the Dow, S&P 500, and Nasdaq break five-day losing streaks.
Read more »
Boeing stock falls sharply as crisis mounts over 737 MAX crashesThe tragic Ethiopian Airlines crash on Sunday is raising doubts on Wall Street about Boeing.
Read more »
Boeing’s stock keeps Dow futures under pressure while broader market struggles for altitudeFutures for Nasdaq-100 edge higher on Tuesday but those for the S&P 500 and Dow remain under pressure as a fatal plane crash of a Boeing Co. aircraft over the weekend weighs on the blue-chip index.
Read more »
Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
Read more »
Boeing jets could be part of broad U.S.-China trade deal: CEOPurchases of U.S.-made Boeing Co aircraft by China could be part of a sweeping d...
Read more »