(New York) The New York Stock Exchange is moving in a mixed order on Monday, with Dow Jones weighed down by Boeing, while the indices marked time at the start of the year after a strong end to 2023.
In the red (-0.13% at 10:30 a.m. Eastern time), the Dow Jones suffered from the decline of Boeing, the American aircraft manufacturer, after an incident on Friday aboard one of its Alaskan aircraft. Airlines.
The NASDAQ index gained 1.02%, as the technology sector prepares for the Consumer Electronic Show (CES) which opens in Las Vegas on Tuesday. The expanded index S
The title of aircraft manufacturer Boeing fell by 7.92% after the immobilization of dozens of its Boeing 737 MAX 9 following a door torn off in mid-flight.
The Alaska Airlines plane, which had just taken off from Portland, Oregon with 171 passengers and 6 crew members on board, was at an altitude of nearly 5,000 m.
In response, the American Federal Civil Aviation Agency (FAA) on Saturday requested the immobilization for inspection of 171 aircraft of this model, notably affecting companies such as United Airlines, Turkish Airlines and Aeromexico.
This follows a long list of recent setbacks and ongoing inspections for the aircraft manufacturer.
Its main supplier, Spirit AeroSystems, which makes fuselages, was slumping more than 11%.
Alaska Airlines lost 3.69%.
On Friday the New York Stock Exchange finished almost stable, but over the week, after nine consecutive weeks of increases, the Dow Jones index finished down 1.5% and the S
Elsewhere on Monday, oil stocks were rapidly losing ground as crude oil prices fell more than 4% after Saudi Arabia announced a drop in its oil prices.
Chevron dropped 2.33%, Exxon Mobil -3.24%, ConocoPhillips -2.83%.
Bank stocks were in the red, from Citigroup (-1.71%) to Bank of America (-1.94%) to JPMOrgan (-1.53%), as bond yields eased a bit.
Those on ten-year Treasury bonds fell to 4.00% from 4.04%.
American Express lost 0.95% after a poor analyst rating.
The American Johnson laboratory
The most important indicator of the week will be inflation with the CPI price index for December being released on Thursday.
This “should show a monthly increase of 0.3% in the price index,” estimated Art Hogan of B. Riley Wealth Management.
“The past week has been dominated by fluctuating bets on when the Federal Reserve (Fed) will begin cutting interest rates. It is likely that this will remain the dominant discourse,” the analyst commented.