BUSINESS US stocks close mixed amid Boeing news, trade observation

BUSINESS

US stocks close mixed amid Boeing news, trade observation

Xinhua

09:29, November 12, 2019

NEW YORK, Nov. 11 (Xinhua) -- The U.S. stocks closed mixed on Monday as investors digested the news that Boeing hopes to resume deliveries of 737 max jet soon while still monitoring closely the new development of China-U.S. trade talks.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S. (File photo: VCG)

The Dow Jones Industrial Average rose 10.25 points, or 0.04 percent, to 27,691.49. The S&P 500 decreased 6.07 points, or 0.20 percent, to 3,087.01. The Nasdaq Composite Index decreased 11.03 points, or 0.13 percent, to 8,464.28.

Boeing said on Monday that it hopes to resume deliveries of its 737 Max jet next month after certification, when the Federal Aviation Administration (FAA) issues an Airworthiness Directive rescinding the grounding order.

Its shares rose 4.55 percent to close at 366.96 U.S. dollars apiece.

A majority of the 30 blue-chip stocks in the Dow traded lower with shares of 3M and Goldman Sachs down 1.76 percent and 1.74 percent, respectively, the top two laggards.

Eight of the 11 primary S&P 500 sectors traded lower with the Utilities sector down 0.68 percent, leading the losers.

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