US stocks close mixed amid Boeing news, trade observation
New York: US stocks closed mixed as investors digested the news that Boeing hopes to resume deliveries of 737 max jet soon while still monitoring closely the new development of China-US trade talks.
The Dow Jones Industrial Average on Monday rose 10.25 points, or 0.04 per cent, to 27,691.49. The S&P 500 decreased 6.07 points, or 0.20 per cent, to 3,087.01, Xinhua news agency reported.
The Nasdaq Composite Index decreased 11.03 points, or 0.13 per cent, to 8,464.28.
Boeing said on Monday that it hopes to resume deliveries of its 737 Max jet next month after certification, when the Federal Aviation Administration (FAA) issues an Airworthiness Directive rescinding the grounding order.
Its shares rose 4.55 per cent to close at $366.96 apiece.
A majority of the 30 blue-chip stocks in the Dow traded lower with shares of 3M and Goldman Sachs down 1.76 per cent and 1.74 per cent, respectively, the top two laggards.
Eight of the 11 primary S&P 500 sectors traded lower with the Utilities sector down 0.68 per cent, leading the losers.