Boeing down on Wall Street


The stock exchanges in New York were slightly higher on Thursday. Wall Street investors are cautious in the run-up to the G20 summit in Japan and the meeting between President Donald Trump and his Chinese counterpart Xi Jinping. Boeing went down due to reports of new problems with the 737 MAX aircraft.

Shortly after the opening bell, the Dow-Jones index was marginally higher at 26,539 points. The broader S&P 500 index won 0.3 percent to 2923 points. Nasdaq fencing show showed a plus of 0.4 percent to 7944 points.

The financial markets are looking forward to the meeting between Trump and Xi on Saturday in Osaka. China has a list of requirements that the United States must meet before a trade agreement can be concluded, writes The Wall Street Journal based on insiders. Xi wants to make that list known to him before the meeting with Trump.

Boeing fell nearly 3 percent. The American aviation authority FAA has identified a new potential risk that Boeing must resolve before the 737 MAX aircraft can go back into the air, Reuters news agency said, without mentioning the exact problem. The problem allegedly came to light during a test in a simulator last week, sources reported.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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