Dow rises as earnings season continues, Boeing gains on FAA software update

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It was a quiet day for the markets on Tuesday, with the Dow closing up slightly, and the S&P 500 flat, as earnings season kicks into full gear. Financials and technology were the best-performing sectors of the day.

div > div.group > p:first-child"> The 30-stock Dow ended the day up 67.89 points at 26,452.66 as Boeing gains 1.7%. Shares of the aerospace giant rose after the Federal Aviation Administration said in a report an update to the 737 Max software is"operationally suitable."

Johnson & Johnson climbed 1.1% on stronger-than-forecast quarterly results. More than half of its revenue came from prescription drug sales, which increased by more than 4%. BlackRock and Bank of America also rose on stronger-than-expected earnings. IBM, Netflix, and CSX are among the companies that reported earnings after the bell.

Those concerns weighed on the broader health-care sector, which fell more than 2%. Those losses kept a lid on the overall market's gains. The S&P 500 is up more than 15% this year in large part because the Fed indicated it may not raise rates at all in 2019. This is after the central bank raised rates four times in 2018.

 

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Can you believe the timing of the $BA FAA pump? market Would have finished RED and they knew that !

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FAA panel says Boeing 737 Max software is 'operationally suitable' in new reportThe company's shares jumped by about 2% on the news. Can’t wait to get the MAX back in the air and go for yet another flight! Great job, Boeing. They also said they really liked New Coke, too. The let the FAANews FAASafetyBrief allow only American Airlines use the aircraft for the next 3 years on domestic routes only
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