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Tech leads stocks broadly higher; Boeing drops

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Boeing’s stock had been soaring. But after Sunday's deadly crash involving the aircraft maker’s popular 737, its stock fell 5.3%.

A sharp decline in Boeing held the Dow Jones industrial average back from gaining as much as the other major U.S. indexes.

The S&P 500 climbed 40.23 points, or 1.5%, to 2,783.30. The Dow rose 200.64 points, or 0.8%, to 25,650.88; earlier in the day, it was down as much as 242 points as Boeing slumped. Investors are still waiting for more details on any potential trade deal between the United States and China. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off.

Germany’s Deutsche Bank rose 5% after reports that it agreed to hold merger talks with rival Commerzbank.

 

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Boeing’s stock keeps Dow futures under pressure while broader market struggles for altitudeFutures for Nasdaq-100 edge higher on Tuesday but those for the S&P 500 and Dow remain under pressure as a fatal plane crash of a Boeing Co. aircraft over the weekend weighs on the blue-chip index.
Source: MarketWatch - 🏆 3. / 97 Read more »