[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.
Shares in Boeing 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. Investors were comforted by Sunday's broadcast remarks from Federal Reserve Chairman Jerome Powell, who reiterated that the central bank would be"patient" before raising interest rates again.
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