U.S. stocks headed lower on Monday, following the S&P 500's seven-day winni...
- U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016.
Southwest Airlines Co fell 2.7% after the carrier said it was pulling out all 737 MAX jets from its flight schedules through June 7, extending its earlier timeline by a week. However, lowered earnings expectations and worries about an economic slowdown are starting to dampen investor enthusiasm. At 12:43 p.m. ET the Dow Jones Industrial Average was down 135.20 points, or 0.51%, at 26,289.79, the S&P 500 was down 6.00 points, or 0.21%, at 2,886.74 and the Nasdaq Composite was down 11.37 points, or 0.14%, at 7,927.33.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading Firm Jane Street Challenges Wall StreetHigh-tech trading firm Jane Street Capital, known for its dominance of the exchange-traded fund market, is pushing into territory long controlled by Wall Street banks: corporate bonds.
Read more »
There were a ton of big analyst calls about major stocks on Monday. Here are the highlights:Here are the biggest calls on Wall Street on Monday..
Read more »
Asia set to trade higher following Wall Street gainsData released Monday showed promising signs in the world's two largest economies, U.S. and China, which helped to ease fears of a global economic slowdown.
Read more »
Wall Street on Brexit: Top banks predict what will happen nextWith lawmakers failing to agree, several Brexit options remain on the table.
Read more »
Tesla sales; Walgreens earnings; Boeing delayCNN's ChristineRomans has today's top business headlines before the opening bell on Wall Street
Read more »
Wall Street takes a breather, Walgreens slumps on profit warningA three-day surge in U.S. stocks stalled on Tuesday, as a profit warning from dr...
Read more »
Wall Street analysts cut 737 MAX delivery forecastBoeing Co is now unlikely to deliver more than 500 of its 737 MAX planes to cust...
Read more »
Morgan Stanley: Wall Street is wrong, there will be an earnings recession this yearMorgan Stanley is calling for a full-blown earnings recession, while many other analysts see one negative quarter and a return to positive profit growth by the second quarter.
Read more »