What's moving markets today: March 12, 2019

The Dow closed down 96 points, or 0.4%, as more countries said they would ground Boeing’s 737 Max planes.

Boeing (BA) fell 6% Tuesday as a growing number of countries and airlines have said they will not fly that line of planes in the wake of Sunday’s fatal crash involving an Ethiopian Airlines jet, the second crash involving a 737 Max plane in less than six months.

The United Kingdom, Germany, France, Australia, Indonesia, China and others have all said that no 737 Max planes can fly in their airspace.

Boeing is the highest-priced constituent in the Dow. The airline said Tuesday that it has “full confidence in the safety of the Max.”

The S&P 500 closed up 0.3%, while the Nasdaq rose 0.4%.

Consumer Reports is calling on American Airlines (AAL) and Southwest Airlines (LUV) to stop flying their Boeing 737 MAX 8 planes.

If they don't listen, it says the Federal Aviation Administration should ground the planes.

Here's what William McGee, aviation adviser for Consumer Reports, said in a statement:

Shares of home security company ADT (ADT) are down 13% in trading after the company reported poor earnings during its most recent quarter.

The company posted a $149 million net loss in the fourth quarter.

ADT's home monitoring services have faced stiff competition for years. Alphabet-owned (GOOGL) Nest, for example, offers its own products designed to keep homes safe at low costs. Customers can also install Nest equipment themselves.

Investors were also likely disappointed that ADT’s new feature, which helps Amazon's Echo listen for break-ins and carbon monoxide alarms when user's aren't home, is "not quite there yet," CEO James DeVries told analysts on a conference call.

Chief Financial Officer Jeffrey Likosar told analysts that the company will make "selective brand investments" to "solidify" ADT's position as the "leader in home automation and security."

The Dow is down, while the S&P and Nasdaq are slightly up. Here's where things stand:

Here's a check of some stocks:

Tim Sloan is trying to convince the House Financial Services Committee today that Wells Fargo (WFC) has changed. The results are contentious, to say the least.

Sloan is laying out how Wells Fargo has addressed the aggressive sales tactics that led to the creation of millions of fake accounts, among other scandals.

But he faces a tough audience. Chairman Maxine Waters, a Democrat, has previously suggested that regulators should shut down Wells Fargo entirely because of its customer abuses.

Boeing (BA) has issued a new statement about the ongoing scrutiny surrounding the safety of its 737 MAX. Several countries and airlines have halted the plane from operating.

Here's the full statement, obtained by CNN's Jim Sciutto:

The stock is down nearly 6% Tuesday. 

Shares of Stitch Fix (SFIX), the online style service, are up 30% following a strong earnings report:

Larry Page personally awarded a $150 million stock grant to Android creator Andy Rubin despite an ongoing investigation over allegations of his sexual misconduct, a lawsuit claims.

Page, Google’s cofounder and the CEO of its parent company Alphabet, is said to have made the decision on his own, without the approval of the board, and “only later sought the rubber-stamp” of the board’s compensation committee, according to a revised shareholder lawsuit filed on Monday. The suit cites board meeting minutes and internal emails.

The New York Times first revealed details about harassment claims against multiple executives, including Rubin, and their multi-million dollar exit packages in October. The latest allegations about Page’s role may further upend Google, which has already seen employees around the world stage walkouts over this issue.

Corporate moods are darkening, according to a key business survey released Tuesday.

IHS Markit's Business Outlook Survey recorded its lowest reading in two years in February, indicating that fewer companies plan to increase their hiring, profitability, and investment in the coming year (although the net figure is still positive).

The survey comes off a surprisingly weak February jobs report, and lends credence to the theory that a dip in hiring may indicate a broader slowdown is underway.

Other measures of business sentiment, including the Institute for Supply Management's Purchasing Manager's Index and the National Federation of Independent Business' Optimism Index, have also slowed markedly in recent months.

Despite the slowdown, American businesses remain more upbeat than those abroad, which IHS Markit measures using the same methodology.