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US: Crisis weighs on Dow but most stocks advance

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[NEW YORK] Wall Street swung to a split finish on Tuesday, with the crisis facing US aviation giant Boeing dragging down the benchmark Dow Jones Industrial Average while other indices inched higher. Read more at The Business Times.

[NEW YORK] Wall Street swung to a split finish on Tuesday, with the crisis facing US aviation giant Boeing dragging down the benchmark Dow Jones Industrial Average while other indices inched higher.

Investors were comforted by the latest benign reading on US inflation and shrugged off the British parliament's second crushing rejection of Prime Minister Theresa May's Brexit deal. With global skies increasingly off limits to its top-selling 737 Max aircraft in the wake of Sunday's fatal crash in Ethiopia, Boeing saw its stock tumble 6.1 per cent - leaving it down more than 11 per cent since Friday.

The Dow, where Boeing is heavily weighted, finished with a loss of 0.3 per cent at 25,562.83, after remaining in the red most of the day.But the broader S&P gained 0.3 per cent, to close the session at 2,792.00, while the tech-heavy Nasdaq added 0.4 per cent to end at 7,591.03.

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