Stocks failed to hold on to bigger gains from earlier in the day and finished Wednesday essentially unchanged.
Boeing’s stock (BA) fell more than 1% and dragged down the Dow as investors worried that the troubled 737 Max would be grounded for longer than expected even though the new CEO vowed to restart production before regulators approve it to fly again. One analyst cut his price target, saying he was “throwing in the towel” on Boeing.
- The Dow fell 9 points.
- The S&P 500 gained 1 point.
- The Nasdaq Composite rose 0.1%.
Fifteen Dow stocks finished the day higher and the remaining 15 ended the day in red.