US Close 9 April 19 : US Stocks hampered as Boeing and G.E shares retreat

US sharemarkets were mixed on Monday. Shares in Boeing fell by 4.4% after the company said it would slash production of its 737 MAX aircraft. Investors also await the start of earnings season. According to Refinitiv estimates, first quarter profits from S&P500 companies will fall by 2.3% on a year ago. Shares in General Electric fell 5.2% on a broker downgrade. The Dow Jones index fell by 84 points or 0.3%. The S&P500 index rose for the eighth straight day, up by 0.1%. And the Nasdaq index rose by 15 points or 0.2%.

 

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