Yahoo Finance Stocks - Wall Street Mixed as Boeing Drags on Dow Once Again
Investing.com – Wall Street was mixed after early trade on Monday, with the Dow falling as Boeing (NYSE:BA), the index's biggest component, dragged it down once again.
The Dow fell 26 points or 0.10% as of 9:43 AM ET (13:43 GMT). Boeing slumped 2.6% on news that data from the Ethiopian Air jet that crashed earlier this month suggests similarities with an earlier crash off Indonesia. The news was compounded by reports of federal prosecutors and the Department of Transportation looking into the development of the 737 MAX, the plane involved in both crashes.
Boeing is a heavy-component of the Dow, meaning strong movements in the airline maker’s stock impact the index.
Meanwhile the S&P 500 and Nasdaq were muted after their strongest weekly rise this year.The S&P 500 gained 6 points or 0.23% and tech-heavy Nasdaq composite was up 19 points or 0.25%.
Sage Therapeutic (NASDAQ:SAGE) was up 0.8% on news that the U.S. Federal Drug Administration could be close to approving the company’s postpartum depression drug. Semiconductor company Broadcom (NASDAQ:AVGO) jumped 1.5% while Micron (NASDAQ:MU) gained 1% and Netflix (NASDAQ:NFLX) rose 1.4%.
Deutsche Bank (NYSE:DB) gained 4.6% after the German bank confirmed it is looking at a merger with Commerzbank (OTC:CRZBY)
Elsewhere, Soleno Therapeutics (NASDAQ:SLNO) slumped 19.7% after a disappointing earnings update, while Facebook (NASDAQ:FB) slipped 2.9% after a downgrade by a Needham analyst. Google parent company Alphabet A (NASDAQ:GOOGL) was down 0.5%, while electrich vehicle maker NIO (NYSE:NIO) slipped 2.7%.
In commodities, gold futures rose 0.2% to $1,304.85 a troy ounce while crude oil inched up 0.1% to $58.88 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, dropped 0.1% to 95.958.
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