Dow Lifted Into Positive Territory By Boeing
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2019-11-12 HKT 05:27
US stocks closed virtually unchanged overnight, though the Dow Jones did make a come-back of just over 160 points after Boeing announced some positive news about its 737 MAX plane.
The aircraft manufacturer on Monday said it expects the 737 MAX aeroplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one month.
In a statement, the group said it still hopes to receive certification next month from the Federal Aviation Administration, allowing it to resume MAX deliveries to airline customers before the end of the year.
The Dow closed at 27,691, a rise of just 0.04 per cent.
The other two main indices, though, lost ground. The broad-based S&P 500 fell 0.2 per cent to 3,087 and the tech-rich Nasdaq fell 0.1 per cent to 8,464. (with additional reporting by AFP)
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