US stocks rally despite deadly Boeing crash

NEW YORK: Wall Street snapped a five-day losing streak on Monday , despite from sharp losses early in the session for Boeing following Sunday's crash involving one of its a top-selling passenger jets.The gains for US stocks recovered much of last week's lost ground and came despite data showing weakness in the American retail sector.fell 5.3 per cent for the day, paring earlier losses of more than 12 per cent that threatened to wipe out tens of billions of the company's market value.

The benchmark Dow Jones Industrial Average, in which Boeing's stock is heavily weighted, rose 200.64 points to 25,650.88.The broader S&P 500 jumped 40.23 points to 2,783.30 while the tech-heavy Nasdaq rose a solid 149.92 points to 7,558.06. "He confirmed everything we knew: patience, confidence in the economy and the labour market, the Fed's independence," Gregori Volokhine of Meeschaert Financial Services told AFP.

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