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CNBC Daily Open: Turbulent times for Boeing - TL;DR CNBC

CNBC Daily Open: Turbulent times for Boeing

Publishing timestamp: 2024-01-09 01:56:37


Summary

Boeing shares plunged 8% after the Federal Aviation Administration ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections. The bad news continued as United Airlines found loose bolts on door plugs of several Boeing 737 Max 9 planes. On the other hand, tech shares boosted Wall Street's main indexes, with the S&P 500 closing 1.41% higher and the Nasdaq Composite jumping 2.2%. Nvidia unveiled three new graphics cards aimed at boosting its presence in consumer GPUs for "local" AI. Mortgage interest rates dropped sharply in December, potentially kickstarting the housing market. RBC Capital Markets raised its year-end S&P 500 price target. The recent incidents involving Boeing's 737 Max 9 planes have raised questions about the company's quality checks and future aircraft requirements. However, American home buyers may return this year due to the drop in mortgage rates.


Sentiment: NEGATIVE

Tickers: NVDAUAL.DJIBA.SPXGOOGL.IXIC.STOXX

Keywords: consumer pricesstoxx 600banksalphabet incnvidia corpboeing counited airlines holdings incworld marketsmarketsbusiness newsunited statess&p 500 indexdow jones industrial averagenasdaq compositepricesinflation

Source: https://www.cnbc.com/2024/01/09/cnbc-daily-open-some-planes-in-the-sky-boeing-planes-on-the-ground.html


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