Dow Jones takes advantage of Boeing's good health on Wall Street - France 24

New York (AFP)

The flagship index of the New York Stock Exchange, the Dow Jones Industrial Average, started the week in the green on Monday, supported by the sharp increase in the title of Boeing, which could make the first certification flight of its 737 MAX during the day .

Around 1:50 p.m. GMT, the Dow Jones took 0.37% to 25,107.41 points.

On the other hand, the Nasdaq, with strong technological coloring, yielded 0.92% to 9,667.66 points and the widened S&P 500 index lost 0.28% to 3,000.51 points.

Wall Street retreated last week, upset by the worrying surge in the number of Covid-19 contaminations in many US states: Monday to Friday, the Dow Jones had lost 3.3% and the Nasdaq 1.9 %.

Heavyweight Dow Jones, Boeing saw its title climb by almost 5% Monday in the first exchanges.

Nailed to the ground for more than a year after two fatal accidents that killed 346 people, the 737 MAX, star plane of the American aeronautical giant, could find the skies during the day for a first certification flight.

The flights, scheduled for three days from Boeing Field, near Seattle (Washington), will be crucial for the commercial survival of the medium-haul, which represents more than two thirds of Boeing's order book.

Investors also continued to closely monitor the development of the coronavirus pandemic in the United States with the resurgence of infections in Texas, Florida, Arizona and other parts of the country.

This worrying situation weighed on the New York indices Monday at the start of the session.

Among the economic data of the week, market players will take note of the figures for American manufacturing activity in June and the minutes of the last monetary meeting of the Federal Reserve (Fed) on Wednesday as well as job creation and the rate unemployment in the United States on Thursday.

The New York square and the other American financial markets will be closed Friday on the eve of Independence Day in the United States.

On the bond market, the 10-year rate on the American debt fell, to 0.6364% against 0.6413% Friday evening.

© 2020 AFP