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Markets Right Now: Stocks close higher on Wall Street
14 March 2019, 11:42 | Joann Bryant
Markets Right Now: Tech stocks lead rally; Boeing hits Dow
The company led a slide in industrial sector stocks.
A boost was also imminent from the tech giants after Nvidia made announcements about buying Mellanox Technologies for $6.8 billion.
Boeing Co ended down 6.1 percent and registered its biggest two-day drop since June 2009, as more countries grounded the company's best-selling 737 MAX planes following Sunday's crash, the second fatal crash involving the plane in months.
Why? Boeing, a Dow component, fell by 10% in early trading after the second of its new line of 737s crashed shortly after takeoff this past weekend.
The Commerce Department meanwhile reported United States retail sales had recovered slightly after a dismal December.
This, however, comes in the wake of Apple's shares which surged 3.47 percent putting-off some of Boeing's losses.
Monday's U.S. Retail Sales report offered mixed results.
The bank's market value rose by $14 billion, which sounds impressive except for this fact: Apple, a much larger company, saw its market value rise by $24 billion, yet it accounted for less than 1% of the rise in the Dow because the price of its stock didn't change much.
The Dow Jones Industrial Average rose 100 points, or 0.4 per cent, to 25,657. With a 33 point gain, the NASDAQ finished at 7,591.
The S&P 500 index rose 11 points, or 0.4 percent, to 2,795.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.63 percent. London's FTSE 100 was also flat, at 7,156, while the pound dropped a sharp 1 percent on expectations that the latest version of Britain's Brexit deal with the European Union will be voted down by lawmakers on Tuesday.
Kyle Busch completes weekend swept in Arizona desert
It was the second stage win of the season for Blaney, who is trying to give Team Penske its third straight victory in the series. Busch will look to hit the 200 career wins mark next week at California when he runs in both the Xfinity and Cup races.
Man's cellphone stops fired arrow
When the unnamed man raised his iPhone to photograph the attacker, he fired an arrow at him that pierced right through the device. Police said the incident began when the man drove to his home in Nimbin, in the northern part of the state of New South Wales .