NEW YORK - Wall Street stocks retreated from records on Tuesday , with tourism stocks falling due to worries about a new virus from China, and Boeing shares hammered by the latest 737 Max delay.
Boeing was the biggest loser in the Dow, dropping 3.4 percent after it announced it now does not expect the 737 Max to return to the skies until mid-2020, later than some analysts expected. The news halted trading in Boeing shares for a time, but it ended off the low point.The broad-based S&P 500 shed 0.3 per cent to finish at 3,320.79, while the tech-rich Nasdaq Composite Index lost 0.2 per cent at 9,370.81.
But stocks spent much of Tuesday in the red in the first session of the week following Monday's Martin Luther King Jr holiday.
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