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.
The Dow, where Boeing is heavily weighted, finished with a loss of 96.22 points at 25,554.66, after remaining in the red most of the day. "The transports are down. The Dow is down. That is mostly due to Boeing," Peter Cardillo of Spartan Capital told AFP."Basically the market is moving higher. The positive momentum is starting to re-emerge in the market."The Labour Department reported early on Tuesday that consumer inflation in February hit its slowest annual pace in more than two years due to weak energy prices - reaffirming the dovish stance on interest rates taken by the Federal Reserve.