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Dow falls 100 points, Boeing slides on downgrade


Monday, 8 April 2019 23:37 WIB

DOW JONES Standard & Poor's 500saham A.S


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Stocks fell on Monday, pressured by declines in Boeing and General Electric, as Wall Street digested strong gains from the previous week and looked ahead to the start of the corporate earnings season.

The Dow Jones Industrial Average declined by 109 points. The S&P 500 pulled back 0.1% as the industrial sector dipped 0.9%. The Nasdaq Composite slipped 0.2%.

Boeing dropped more than 3.5% after Bank of America Merrill Lynch cut its rating on the aerospace giant to neutral from buy. The bank said it expects production of the 737 Max jet to be delayed by six to nine months.

Source: CNBC


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