News Stocks 

Dow industrials end 1% lower as Boeing, J&J shares exact more than 220-point toll on the blue-chip index

“U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion’s share of the pain for the Dow industrials” writes Mark Decambre for marketwatch.com. Dow components Boeing cut about 170 points from the price-weighted average, while J&J and shares exacted a 57-point toll on the index.The S&P 500 index SPX, -0.39% closed 0.4% lower at 2,986, while the Nasdaq Composite Index COMP, -0.83% ended 0.8% lower at 8,090. Boeing’s stock got slammed after the Federal Aviation Administration said the aviation and defense contractor withheld “concerning” messages from 2016 between employees about a flight-control system tied to two fatal crashes of the 737 MAX, while J&J’s stock got pulverized, off more than 6%, after the consumer-product giant recalled some baby powder – after tests revealed traces of asbestos.
 
Source: marketwatch.com



Related posts