Boeing stock plunges after Ethiopia crash, sending Dow lower

Wall Street gains on benign inflation data Boeing extends fall

Boeing stock plunges after Ethiopia crash, sending Dow lower

On Monday, stocks closed with strong gains experienced in tech dividends like Facebook and Apple offsetting a steep decline in Boeing. S&P 500 e-minis were up 5 points, or 0.18 percent and Nasdaq 100 e-minis were up 25.5 points, or 0.36 percent.

At 9:00 a.m. ET, Dow e-minis were down 20 points, or 0.08 percent. With a 33 point gain, the NASDAQ finished at 7,591.

Last-minute tweaks to Britain's divorce deal lifted stocks worldwide, but the gains soon petered out after Britain's Attorney General Geoffrey Cox said a revised deal with the European Union did not give Britain legal means of exiting the so-called backstop arrangement unilaterally if "intractable differences" arose. The euro rose to $1.1288 from $1.1256.

This comes on the heels of data from last week that showed US employment growth nearly stalled in February, which added to global growth fears that were already fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region.

F5 Networks Inc slipped almost 8%, the most on the S&P index, after the network software maker said it would buy privately held NGINX.

Tumbling shares in USA aviation giant Boeing on Monday tore a hole in the Dow Jones Industrial Average, sending the benchmark index into the red for a sixth day.

Google tells hardware workers to find new roles
Since the start of the Nexus smartphone program , Google's made hardware as a sort of guide for the rest of the industry. Google makes most its money on advertisements and services.

Technology and bank stocks led the market gainers.

The industrial sector fell 0.79 percent and was the only S&P sector trading lower. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off. Boeing lost 3 percent as more of its 737 Max 8 jets are idled following the second crash involving the jet model in less than five months.

Apple climbed 1.6 percent on Tuesday and boosted markets, after the iPhone maker invited media to a March 25 event where it is expected to launch a television and video service. More than a dozen airlines as well as the governments of China, Indonesia, Australia and Singapore have grounded the aircraft.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.63 percent.

United States stocks rose on Tuesday as benign February inflation data supported the Federal Reserve's dovish stance on future rate hikes, but Boeing's fall for a second straight session pressured the Dow. Hong Kong's Hang Seng added 1.5 percent to 28,821.14 and Seoul's Kospi gained 0.9 percent to 2,157.18. The euro advanced to $1.1256 from $1.1245.

Trader Jeffrey Vazquez works on the floor of the New York Stock Exchange, Tuesday, March 12, 2019.

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