The S&P 500 and Nasdaq Composite opened higher as they got a boost from tech shares like Apple and Facebook. The Dow was under strong pressure, however, as shares of Boeing dragged down the index.
div > div.group > p:first-child"> The S&P 500 gained 0.6 percent as the tech sector climbed more than 1 percent. The Nasdaq Composite rose 1 percent.
The Dow Jones Industrial Average was under pressure, however, as shares of Boeing dragged down the 30-stock index. Boeing fell more than 9 percent after a flight crash on Sunday that involved the 737 MAX 8 jet. This is the second crash in less than six months involving that model. "The most recent economic data fits with our 2019 outlook that suggests economic growth is likely to slow this year but recession prospects remain very low," said Bruce Bittles, chief investment strategist at Baird, in a note."This reinforces the view that the Federal Reserve will continue with patience with regards to any future rate hikes until such time that underlying economic fundamentals show significant improvement.
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