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21.10.2019 17:30:26

Stock Market News: Boeing Loses More Altitude; Apple Gets a Boost

Wall Street got off to a good start on Monday morning, as investors had several reasons to be optimistic. Between some progress on major geopolitical issues like Brexit and the U.S.-China trade conflict and a solid beginning to earnings season, market participants hope that stocks can gain some momentum heading toward the end of the year. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 28 points to 26,798. The S&P 500 (SNPINDEX: ^GSPC) climbed 16 points to 3,002, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 62 points to 8,152.One reason the Dow's uptick lagged other benchmarks was that Dow component Boeing (NYSE: BA) suffered another setback that weighed on its shares. Meanwhile, Apple (NASDAQ: AAPL) continued moving higher, benefiting from favorable comments from analysts that pushed the company further into trillion-dollar territory.Shares of Boeing sank 4% as the aerospace giant faced even more difficulties related to its 737 MAX aircraft. As criticism of the process that Boeing and regulators used to bring the MAX to market has increased, the company responded to comments that one of its former employees made regarding the aircraft.Continue reading
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