NEW YORK - U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing’s shares limited the Dow’s advance after a deadly airline crash in Ethiopia.
The stock had its highest daily trading volume since July 2013 and ended well off its session low of $365.55, but it kept a lid on the Dow, which managed only about half the gains of the S&P 500. “It was incredibly impressive when you look at what we’re doing today, even with the move in Boeing,” he said, adding that tech’s rally is “a sign of overall enthusiasm for equities and the continued bullish tone we’ve been in since the beginning of the year, last week notwithstanding.”
Apple Inc rose 3.5 percent after Bank of America Merrill Lynch upgraded the iPhone maker’s shares to “buy.” Also, Apple invited media to a March 25 event at the Steve Jobs Theater on its campus in Cupertino, California. In Washington, President Donald Trump told Congress to slash funding for foreign aid and the State Department and increase spending for the military and the wall he wants to build on the U.S.-Mexico border in his 2020 budget, the opening move in his next funding fight with Congress.Advancing issues outnumbered declining ones on the NYSE by a 3.69-to-1 ratio; on Nasdaq, a 3.31-to-1 ratio favored advancers.
Source: News Formal (newsformal.com)
Because America's people are the best investment on the planet minus the many whining losers who can do nothing but complain. Free is only a word not a reality.
What goes up must come down...... Boeing or not.
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