Dow, S&P, Nasdaq All Rise
Monday 18th March, 2019
The big story last week was the sudden grounding of Boeing 737 Max 8 and 9 passenger jets in dozens of countries. The financial effects of this ban could potentially impact the airline industry and segments of the economy for months.
While the news created a headwind for the Dow Industrials, stocks managed to post solid gains for the week. The Nasdaq Composite rose 3.12%; the S&P 500, 2.46%; the Dow, 2.25%.
Bullish sentiment was also evident overseas. Looking at the MSCI EAFE index, international stocks advanced 1.93%