Boeing Down Nearly 3% on 737 Max Production Delay

Boeing Down Nearly 3% on 737 Max Production Delay

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, June 27. Major U.S. indexes again closed with minimal trading and mixed results: The Dow Jones Industrial Average saw fractional losses while the S&P 500 and NASDAQ Composite rose 0.4% and 0.7%, respectively. Boeing fell nearly 3% on news that production of its 737 Max could be delayed by up to three months after new problems arose with its software. Meanwhile, Nike’s stock crept up just over 1% after the company missed its fiscal fourth-quarter earnings forecast but beat revenue expectations. Footwear and athletic apparel helped push Nike’s sales up 4% to more than $10 billion.

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