Publicado: Vie, Marcha 15, 2019
Financiera | Por Marilu Caballero

Wall St up as inflation data supports dovish Fed; Boeing slips further

Wall St up as inflation data supports dovish Fed; Boeing slips further

The S&P 500 and Nasdaq are showing double-digits gains for the year so far, and the Dow is up by more than 9 percent.

Aside from Boeing and engine-maker United Technologies (NYSE:), most other stocks were higher after data showed a solid rebound in in January. sales fell even more sharply than first thought in December, which is normally the most important month in the year. London's FTSE 100 was also flat, at 7,156, while the pound dropped a sharp 1 percent on expectations that the latest version of Britain's Brexit deal with the European Union will be voted down by lawmakers on Tuesday. Another slide in Boeing weighed on the Dow Jones Industrial Average.

Boeing lost 6.1 percent after many countries grounded the Boeing plane involved in the Ethiopian Airlines crash Sunday or banned it from their airspace.

Bullion prices ended higher at Comex on Tuesday, 12 March 2019.

On Monday, stocks closed with strong gains experienced in tech dividends like Facebook and Apple offsetting a steep decline in Boeing.

The Dow Jones Industrial Average rose 148 points, or 0.6 per cent, to 25,702.

The Boeing loss restrained gains in the Dow, which rose 79 points, or 0.3 per cent, to 25,529.

The Labor Department said its Consumer Price Index (CPI) rose 0.2 percent, in line with estimates, implying benign underlying inflation last month and supports the Federal Reserve's "patient" approach for further interest rate hikes this year.

Algerian president reportedly home amid mass protests
However, he still intends to hang on at least until a successor is chosen, in an election that so far has not been scheduled. Bouteflika also decreed Deputy Prime Minister post and appointed former Foreign Minister (2013-2017) Ramtane Lamamra.

The price of US crude oil rose 8 cents to $56.87 a barrel, while Brent crude rose 9 cents to $66.67 a barrel.

Stocks are opening broadly higher on Wall Street, although a sharp drop in Boeing is pushing the Dow Jones Industrial Average lower.

The modest gains Tuesday follow a rally on Monday that snapped a five-day losing streak.

The S&P 500 index rose 24 points, or 0.9 per cent, to 2,815. May silver ended 13.9 cents, or 0.9%, higher at $15.413 an ounce.

Apple rose 2% and was the biggest boost to the S&P and Nasdaq, after the iPhone maker invited media to a March 25 event where it is expected to launch a television and video service. U.S. Treasury yields fell following the news.

Technology and bank stocks led the market gainers.

About five minutes into the day's trading, Boeing shares were down 11.7 percent at $373.23 following the most recent crash of one of its aircraft in Ethiopia.

Boeing briefly dipped, but finished slightly higher, after the US said it was joining other countries in grounding the company's 737 Max 8 airplane following a fatal crash of an Ethiopian airliner over the weekend.

Me gusta esto: