President Trump's trade war tactics appear to have backfired, as evidenced by the spiraling performance of the Dow Jones Industrial Average. While most Dow components are trading in the red, there are some winners, and an unlikely hero is leading the charge. Boeing (BA), which is under fire for the fallout related to its 737 MAX planes, is managing to rise above the fray, adding more than 1...
The Dow suffered a massive setback on Wednesday after two of its bellwether stocks published grisly earnings reports that raised questions about the health of the market. Dow Stumbles After 177 Point Rally The US stock market stumbled at the opening, thrusting all three major indices toward moderate declines. The Dow Jones Industrial Average fell 122.02 points or 0.45%, taking a bite out of...
The Dow teetered toward a loss on Wednesday after President Trump exposed a lack of confidence in the state of trade negotiations with China. Trump’s unexpected remarks overwhelmed DJIA components with substantial ties to the world’s second-largest economy. Dow Slumps, Market Fails to Regain All-Time Highs The US stock market failed to regain its all-time highs midway through the morning session...
Budget carrier Ryanair has seemingly given the clearest indication of how Boeing intends to find its way out of the marketing and sales catastrophe that is the 737 MAX. A photo has emerged of a Boeing 737 MAX painted in Ryanair livery marked "737-8200." The removal of the "MAX" insignia has raised speculation that this is how Boeing intends to restore confidence in its best-selling plane again...
Plane manufacturer Boeing is stuck in market purgatory as its stock flounders in the wake of stubbornly low demand. On Tuesday, the company reported that it had not received any new orders for its beleaguered 737 Max aircraft, making it the third straight month that the world’s largest airplane manufacturer had not sold a single one of what was once its best-selling jet. Boeing Stock Sits on...
Boeing stock (BA) struggled during the week's opening trading session after a subsidiary of state-owned Saudi Arabian Airlines canceled a $5.9 billion, 30-jet order in the wake of the 737 Max controversy. Boeing’s loss looks like the Airbus A320's gain, in what could be an alarming trend for BA bulls. Boeing Stock Bruised But Resilient There are two very different realities playing out for Boeing...
By CCN Markets: The breakneck Dow Jones (DJIA) rally looks to be faltering. Spearheading the decline was Boeing stock (NYSE: BA), which struggled after an FAA official said there was no timeline for the 737 MAX to return to service. Heading into mid-afternoon, Boeing stock had lost 0.9% to trade at $346.18. Earlier, BA shares had dipped as low as $342.80. Boeing Stock Drags on the DJIA The Boeing...