Here are Monday’s stock-market winners after five-day losing streak is broken

The broad stock-market indexes in the U.S. ended up with big gains Monday amid large declines for shares of Boeing and airlines that rely on its 737 series of airplanes.

The Dow Jones Industrial Average posted an increase of 201 points (0.8%) to close at 25,650.88. Dow component Boeing BA, -5.33%  fell 5.3% after its shares were down as much as 13.5% in early trading, following the crash of an Ethiopian Airlines 737 Max 8, which killed 157 people. That followed the crash of a Lion Air 737 Max 8 in October, which killed 189 people.

Airline stocks were also down significantly in early trading, but recovered later in the session. Here’s how the five airline components of the S&P 500 SPX, +1.47%  performed:

Price changes Airline Ticker March 11 2019 2018 Delta Air Lines Inc. DAL, +3.09% 3.1% 2.4% -10.9% American Airlines Group Inc. AAL, +0.44% 0.4% -0.2% -38.3% United Continental Holdings Inc. UAL, -0.02% 0.0% -1.6% 24.2% Southwest Airlines Co. LUV, -0.31% -0.3% 11.0% -29.0% Alaska Air Group Inc. ALK, -0.36% -0.4% -8.9% -17.2% Source: FactSet

The broad indexes ended a five-day losing streak. The S&P 500 increased 1.5% and the Nasdaq Composite Index COMP, +2.02%  soared 2%. The Dow has now gained 10% during 2019, while the S&P 500 is up 11% and the Nasdaq has risen 13.9% so far this year.

The Dow 30

All 30 components of the Dow Jones Industrial Average were up on Monday, except for Boeing:

Company Ticker Price change – March 11 Price change – 2019 Price change – 2018 Apple Inc. AAPL, +3.46% 3.5% 13.4% -6.8% 3M Co. MMM, +3.09% 3.1% 8.7% -19.0% Coca-Cola Co. KO, +2.99% 3.0% -2.5% 3.2% UnitedHealth Group Inc. UNH, +2.47% 2.5% -2.4% 13.0% Visa Inc. Class A V, +2.25% 2.3% 14.2% 15.7% Microsoft

Read More Here...

Bookmark the permalink.