DJIA in red, SPX and NDX higher in the premarket. All eyes remain on Boeing.

12.03.2019 / 16:17

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Dow Jones Industrial Average declined before the opening of the markets on Tuesday after Boeing's shares continued to decline.

The index of the 30 shares traded 46 points lower, and Boeing with a 4.66% drop in the preemptive hours.

Boeing dropped after Edward Jones lowered the stock value to keep them from buying, referring to the possible "order delay" after the two 737 MAX planes collapsed in less than 6 months. The incident has led several countries, including the UK, Australia, Singapore China and Indonesia, to cancel all flights with the airplane model.

However, the wider stock market was trading higher after key inflation data was released. S & P 500 traded 0.2% higher, driven by profits in the energy and material sectors. Nasdaq Composite advanced by 0.1%.

Trader Nikolay Georgiev

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DJIA in red, SPX and NDX higher in the premarket. All eyes remain on Boeing.

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