Dow Surrenders Opening Gains as Boeing and Caterpillar Undermined by Steel Tariffs

Shutterstock photo

Weighed by losses in the industrial sector, especially in shares of heavy equipment makers, the Dow erased early gains and was set to close Monday more than 100 points lower. Losses in component stocks Boeing ( BA ) and Caterpillar ( CAT ) outweighed gains in General Electric ( GE ) and Goldman ( GS ) and chased the blue chip index away from 25,500 at the open. The S&P 500 was also in the red, although the Nasdaq was still trading higher as a result of outsized gains in shares of Tesla ( TSLA ) and Micron Technologies (MU).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Stocks
Referenced Symbols: BA , CAT , GE , GS , TSLA

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?