US stock indexes end mostly higher, extending market's gains

Mae Love
March 14, 2019

The Dow Jones airlines index dropped 1.38%, while the broader industrial sector fell 0.44% and was the only major S&P sector in the red. Nvidia was the index's strongest performer after agreeing to buy chipmaker Mellanox.

Boeing shares slid 6.1 percent, the stock's second day of steep losses, as more countries grounded the aircraft manufacturer's 737 Max 8 following the crash of the Ethiopian Airlines 737 Max 8 on Sunday, which killed 157 people. - China on March 11, 2019, ordered domestic airlines to suspend commercial operation of the Boeing 737 MAX 8, citing the Ethiopian Airlines crash and another deadly accident of that same model in Indonesia.

But once again, the DOW lagged behind, being pulled lower by Boeing (BA).

Technology and health care companies led USA stock indexes mostly higher Tuesday, building on the market's solid gains from a day earlier.

KEEPING SCORE: The Dow fell 13 points, or 0.1 percent, to 25,436 as of 10:25 a.m. The Siamp;P 500 was up 8.22 points, or 0.30 percent, to 2,791.52.

Technology stocks were among the biggest gainers, with Apple (NASDAQ:) up 2.2%, Facebook (NASDAQ:) gaining 2.5% and (NASDAQ:) rising 1.1%. A sharp drop in Boeing shares restrained the Dow's advance. Stocks were helped by a US government report showing retail sales rose slightly in January after falling in December. Boeing's losses trimmed more than 150 points from the Dow.

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Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent from 2.64 percent late Monday. Stocks were helped by a US government report showing retail sales rose slightly in January.

Technology and health care stocks did the most to push the market higher Tuesday.

Apple is up 3.2 per cent after an analyst upgraded the stock, while Nvidia is gaining 4.7 per cent after announcing an acquisition.

The Dow ended with 200 points up afterfalling for more than 200 points last week.

Apple rose 2% and was the biggest boost to the S&P and Nasdaq, after the iPhone maker invited media to a March 25 event where it is expected to launch a television and video service. The consumer price index rose a modest 1.5 percent last month from a year ago. 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.

Intel rose 1.5 per cent Wednesday and UnitedHealth Group climbed 2.6 per cent.

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