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The Dow Jones Industrial Average shot up another 190 points within 10 minutes of Tuesday’s opening bell. A sharp fall in Boeing Co. (NYSE: BA) stock was offset by rallying tech stocks.
More on Boeing’s uncertainty and the tech stocks carrying the Dow Jones today below.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Index | Previous Close | Point Change | Percentage Change |
Dow Jones | 25,650.88 | 200.64 | 0.79% |
S&P 500 | 2,783.30 | 40.23 | 1.47% |
Nasdaq | 7,558.06 | 149.92 | 2.02% |
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Tuesday
Two big stories will headline a busy Tuesday. The first is across the Atlantic Ocean, where the British Parliament will wrangle over Prime Minister Theresa May’s last-minute deal with Europe on a soft “Brexit.” Late Monday, May won legally binding support from the EU ahead of Tuesday’s vote. The Prime Minister secured three documents – a joint statement, a joint instrument, and a unilateral declaration – all aimed at addressing one of the biggest challenges to the split between Britain and the EU: the border between Northern Ireland – a British province – and Ireland. Boeing stock continues to slide – falling another 3.2% — after a downgrade from Raymond James Financial Inc. (NYSE: RJF). The company is reeling after a second Boeing 737 MAX 8 plane in five months crashed. Although the Federal Aviation Commission has said that the planes are airworthy, the U.S. agency expects it will order design changes to the planes’ systems and signaling. With that in mind, Raymond James anticipates that the latest crash will lead to delays in orders. Also, Australia has joined China and Ethiopia on a list to suspend the jet from service until the crash in Ethiopia has been investigated. Here in the United States, California Senator Dianne Feinstein called on the U.S. government to suspend all 737 Max 8 flights.