Dow industrials see stiffest headwind from Boeing’s stock in early trade

The Dow Jones Industrial Average was being dragged firmly lower on Monday, with shares of Boeing Co. serving as the biggest weight on blue chips. Boeing’s stock was down 1.9%, or $6.49, cutting about 40 points from the Dow in early trade. A $1 move in any one of the Dow’s 30 components equates to a 6.89-point move. The Dow was most recently down 0.5% at 24,429, the S&P 500 index , meanwhile, was off 0.5% at 2,676, while the Nasdaq Composite Index was off 0.7% at 7,205. U.S. equities have been under pressure on news that President Donald Trump will impose import tariffs later this week on steel and aluminum, raising the specter of a global trade war. The fear is that many large U.S. corporations would see costs increase in such an environment.

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From:: Stock Market News

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