Boeing Stock Bounces on British Airways’ 737 Max Purchase
Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, June 18. All major U.S. stock indexes advanced, with the Dow Jones Industrial Average and NASDAQ Composite both up 1.4% and the S&P 500 gaining 1.0%. Boeing’s stock jumped more than 5% after British Airways announced plans to purchase 200 of Boeing’s new 737 Max planes. Facebook made headlines with Libra, its anticipated cryptocurrency debut. A non-profit group will have ultimate control of the new blockchain-based currency, but Facebook will share oversight of Libra with companies that include eBay, Mastercard, PayPal and Uber.