Stock Market Update
20-Aug-24 10:30 ET
BA weighs on industrials
Dow -34.96
at 40861.57,
Nasdaq -52.66
at 17824.10,
S&P -5.89
at 5602.36
[BRIEFING.COM] Downside moves picked up steam over the last half hour. There are expectations for some consolidation today after solid gains recently.
Boeing (BA 173.60, -6.03, -3.4%) is a top laggard after FAA adopted an airworthiness directive for 787 Dreamliners, according to Reuters, and after pausing flight tests for its 777X while it investigates cracks in a key part, according to Bloomberg.
This price action has contributed to the underperformance of the S&P 500 industrial sector, which sports a 0.4% loss.
