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Close Update: US Stocks Post Slight Gains Overall While Boeing Drags Down Dow

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Boeing ( BA ) dragged the Dow Jones Industrial Average lower Tuesday while the rest of the market's main gauges posted slight gains.

Boeing shares fell 6% after the European Union grounded the company's 737 MAX-8 and 737 MAX-9 planes after the Ethiopian Airlines crash Sunday that killed everyone on board. Singapore and Australia also temporarily suspended the 737 MAX, among several other countries and airlines. The US Federal Aviation Administration has issued a notice to airlines of the "continued airworthiness" of the 737 MAX.

The Dow fell 0.4%.The S&P 500 and Nasdaq Composite Index rose 0.3% and 0.4% respectively. Shares of health care and utilities companies led the market.

Meanwhile, British lawmakers rejected Prime Minister Theresa May's plan for leaving the European Union.

In economic news, the February consumer price index rose in line at 0.2% while the core, excluding food and energy prices, was up 0.1% compared with 0.2% expected.

US MARKETS

Dow Jones Industrial Average was down 96.22 points (-0.38%)

S&P 500 was up 8.22 points (+0.30%)

Nasdaq Composite Index was up 32.97 points (+0.44%)

GLOBAL SENTIMENT

FTSE 100 was up 20.53 points (+0.29%) to 7,151.15

Hang Seng Index was up 417.57 points (+1.46%) to 28,920.87

Shanghai China Composite Index was up 33.31 points (+1.10%) to 3,060.31

UPSIDE MOVERS

(+) AKBA (+10.35%) Says studies show potential of Vadadustat to manage hemoglobin levels

(+) SFIX (+25.20%) Reports better-than-expected Q2 results

DOWNSIDE MOVERS

(-) DKS (-11.01%) Tops Q4 estimates

(-) TSLA (-2.60%) CEO Elon Musk accuses SEC of infringing his first amendment rights

(-) ADT (-13.44%) Swings to Q4 loss, beats revenue expectations

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

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

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