Boeing's crisis weighs on Dow but most US stocks advance

NEW YORK: Wall Street swung to a split finish on Tuesday , with the crisis facing US aviation giant Boeing dragging down the benchmark Dow Jones Industrial Average while other indices inched higher.

The Dow, where Boeing is heavily weighted, finished with a loss of 96.22 points at 25,554.66, after remaining in the red most of the day. "The transports are down. The Dow is down. That is mostly due to Boeing," Peter Cardillo of Spartan Capital told AFP."Basically the market is moving higher. The positive momentum is starting to re-emerge in the market."The Labour Department reported early on Tuesday that consumer inflation in February hit its slowest annual pace in more than two years due to weak energy prices - reaffirming the dovish stance on interest rates taken by the Federal Reserve.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Dow drops at open as heavyweight Boeing slides after plane crash[NEW YORK] The Dow Jones Industrial index opened sharply lower on Monday after a fatal plane crash in Ethiopia caused a fall in the shares of Boeing Co and capped gains in the broader markets. Read more at The Business Times. Does anyone know if Nikki Haley is still considering being on Boeings board or has she withdrawn from consideration?
Source: BusinessTimes - 🏆 15. / 51 Read more »

Boeing shares, vanguard of the Dow, crushed after second 737 MAX crashShares of Boeing Co slid 9 percent in early trading on Monday as many airlines grounded the planemaker's best selling 737 MAX 8 passenger jet ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »