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Stocks Close Higher; Dow's Ascent Clipped by Boeing's Slump


Tuesday, 22 October 2019 04:00 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stock benchmarks closed higher Monday, amid optimism over tariff talks and better-than-expected corporate earnings, but a decline in shares of Boeing capped gains for the blue-chip Dow Jones Industrial Average.

The Dow ended the day 57.44 points, or 0.2%, higher at 26,827.64.

Boeing Co.’s stock extended its decline to a two-month low, down 3.8%, following a report on Friday that said the company may have misled federal aviation authorities about the safety of the 737 Max jet. The drop produced a roughly 70-point drag on the blue-chip Dow. The aviation and defense contractor has traded down three straight sessions.

The S&P 500 index meanwhile, advanced 20.52 points, or 0.7%, to end at 3,006.72, leaving it 0.6% away from its record closing high of 3,025.86 set on July 26. The Nasdaq Composite Index climbed 73.44 points, or 0.9%, to finish at 8,162.99.

Source : Marketwatch


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