"Boeing Plunge Sparks Mixed Stock Market Opening"

1 min read
Source: Yahoo Finance
"Boeing Plunge Sparks Mixed Stock Market Opening"
Photo: Yahoo Finance
TL;DR Summary

Stocks opened mixed as the Dow fell due to Boeing's shares plunging after US authorities grounded some 737 Max 9 jets, while the S&P 500 and Nasdaq rose. Uncertainty about interest-rate cuts and strong labor market data have impacted market sentiment. This week, earnings reports from big banks and a crucial reading on inflation are expected, and a $1.59 trillion spending deal to avert a government shutdown has been reached. Additionally, oil prices fell over 4% as investors reacted to Saudi Arabia's decision to cut key prices of crude supplies.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

87%

66790 words

Want the full story? Read the original article

Read on Yahoo Finance