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US stocks pull back from records as Boeing tumbles

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The Dow pulled back from records on Friday (Jan 10) after earlier hitting the 29,000-point milestone as Boeing shares fell following fresh ...

NEW YORK: The Dow pulled back from records on Friday after earlier hitting the 29,000-point milestone as Boeing shares fell following fresh damaging revelations over the 737 MAX.

All three major indices retreated from Thursday's all-time highs, with the Dow Jones Industrial Average ending at 28,823.77, down 133.13 points after earlier topping 29,000 for the first time. Equities pushed into positive territory after the Labor Department reported that the United States added 145,000 new positions in December, a bit below expectations, while the unemployment rate held steady at 3.5 per cent, remaining at a 50-year low.But stocks later retreated, with some analysts viewing the pullback as unsurprising given the strong gains in late 2019 and early 2020.

 

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