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US stocks rally despite deadly Boeing crash - Vanguard News Nigeria

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US stocks rally despite deadly Boeing crash vanguardngr.com vanguardnews

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.The gains for US stocks recovered much of last week’s lost ground and came despite data showing weakness in the American retail sector.

Two of the company’s highly popular 737 MAX 8 jets have crashed in five months, after the latest tragedy killed all 157 passengers crew aboard shortly after takeoff from Addis Ababa. The broader S&P 500 jumped 1.5 percent to 2,783.30 while the tech-heavy Nasdaq rose a solid two percent to 7,558.06.

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