Boeing Stock Down 5% on 737 MAX Aircraft Safety Concerns

Boeing Stock Down 5% on Safety Concerns

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, March 11. After a five-day losing streak and intraday losses, all major U.S. market indexes closed the day in the black. The Dow Jones Industrial Average, S&P 500 and NASDAQ rose 0.8%, 1.5% and 2.0%, respectively. The Commerce Department revealed that retail sales rebounded to a 0.2% gain in January following December’s 1.2% drop, which was the largest monthly decline since September 2009. Meanwhile, Boeing’s stock fell 5.4% on mounting safety concerns related to the company’s 737 MAX aircraft.

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